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UPDATE: Medtronic Posts Drop In FQ2 Profit

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Medtronic (NYSE: MDT) reported a drop in its fiscal second-quarter earnings.

Medtronic's quarterly net earnings fell to $646 million, or $0.63 per share, from $871 million, or $0.82 per share, in the year-earlier period. Excluding one-time items, Medtronic earned $0.88 per share.

Its revenue rose 2% to $4.095 billion.

Medtronic shares closed at $41.81 yesterday.

Posted-In: profitEarnings News

 

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