(Source: Datamonitor)
Medtronic, a medical technology company, has reported net earnings of $445 million, or $0.40 per share, for the first quarter of fiscal 2010, a 38% decrease, compared to $723 million, or $0.64 per share, in the first quarter of fiscal 2009.
For the first quarter of fiscal 2010, total revenues were $3.93 billion, a 6% increase, compared to $3.71 billion in the first quarter of fiscal 2009.
Bill Hawkins, chairman and CEO of Medtronic, said: "I am pleased with our solid first quarter performance and the progress it represents toward fulfilling our full year commitments.
"I am confident that our efforts to fuel innovation and develop a strong product pipeline positions us well for sustained growth during the remainder of the fiscal year and beyond."
A service of YellowBrix, Inc.
