Medtronic Reports Mixed Q4, Settles With Edwards

By | May 20, 2014

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Medical device giant Medtronic (MDT) early Tuesday reported a soft quarter and announced a settlement in a long-running patent dispute, sending shares down 2% in morning trading on the stock market today. Medtronic’s sales in its fiscal fourth quarter ended April 25 rose 2% over the year-earlier quarter to $4.56 billion, missing analysts’ consensus by about $20 million. Per-share profit rose 2% to $1.12 a share, in line with the Street’s Scalper1 News

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