Medtronic Inc reported the strongest quarterly U.S. sales growth for its medical devices in five years and said it was committed to completing the acquisition of Irish-domiciled Covidien Plc by the end of the year or early 2015.Minneapolis-based Medtronic also confirmed its full-year profit and revenue outlook on Tuesday.Net earnings fell to $871 million, or 87 cents a share, in the first quarter ended July 25 from $953 million, or 93 cents a share, a year earlier.Excluding one-time items, Medtronic earned 93 cents a share. Analysts on average expected 92 cents, according to Thomson Reuters I/B/E/S.
Covidien Public Limited Company is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Shares of COV traded higher by 0.7% or $0.61/share to $87.72. In the past year, the shares have traded as low as $59.17 and as high as $92.68. On average, 5740560 shares of COV exchange hands on a given day and today's volume is recorded at 3252086.
Medtronic, Inc. (Medtronic) is engaged in medical technology - alleviating pain, restoring health, and extending life for millions of people worldwide. Shares of MDT traded higher by 0.35% or $0.22/share to $63.47. In the past year, the shares have traded as low as $51.22 and as high as $65.50. On average, 8751710 shares of MDT exchange hands on a given day and today's volume is recorded at 6173092.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.4% or $0.15/share to $37.74. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 759386 shares of TRI exchange hands on a given day and today's volume is recorded at 627177.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.29% or $0.12/share to $41.42. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 583705 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 343158.
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