Medtronic Inc reported a quarterly profit that was in line with analyst expectations, boosted by sales of new heart devices, and said its $42.9 billion acquisition of hospital products maker Covidien Plc remains on track to close early next year. Second-quarter revenue rose 4 percent to $4.37 billion, propelled by newly launched products, including an implanted diagnostic monitor for the heart called Reveal and its CoreValve replacement heart valve that can be implanted in a less-invasive procedure than traditional open-heart surgery.The largest stand-alone medical device maker on Tuesday said net earnings for the quarter ended Oct. 24 fell to $828 million, or 83 cents a share, from $902 million, or 89 cents a share, the year before.Excluding costs related to the Covidien acquisition and a charitable donation, Medtronic earned 96 a share.Analysts, on average, expected earnings of 96 cents a share on revenue of $4.37 billion, 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 0.67% or $0.63/share to $94.61. In the past year, the shares have traded as low as $65.49 and as high as $95.29. On average, 4796750 shares of COV exchange hands on a given day and today's volume is recorded at 2739763.
Medtronic, Inc. (Medtronic) is a medical technology company. Shares of MDT traded higher by 0.35% or $0.24/share to $69.19. In the past year, the shares have traded as low as $53.33 and as high as $69.64. On average, 8624070 shares of MDT exchange hands on a given day and today's volume is recorded at 5325543.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.1% or $0.04/share to $38.14. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 751163 shares of TRI exchange hands on a given day and today's volume is recorded at 891087.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.14% or $0.06/share to $43.45. In the past year, the shares have traded as low as $36.86 and as high as $43.74. On average, 702051 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 517280.
Source
