Now It’s Medtronic’s Turn

Shares of Medtronic (MDT) are getting slammed today. The company said that sales for the first quarter came in below expectations. Analysts were looking for sales of $2.98 billion while the company said that sales were $2.9 billion.
Medtronic also said that earnings will range from 53 cents to 55 cents a share. The Street was looking for 57 cents a share.
In May, the company raised 2007 estimates to $2.40 to $2.48 a share.
Earnings are due on August 22.

Posted by on August 3rd, 2006 at 11:35 am


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