Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Medtronic Reports Q2 Net Earnings
Nov 18, 2004
 Printable format
 Email this Article
 Search

Medtronic, Inc., a producer of medical appliances, announced quarterly net earnings of U.S. $535.7 million, or $0.44 per diluted share, an increase of 13 percent over the $476.1 million in net earnings, or $0.39 per diluted share, from the same period in 2003.

Revenues in the quarter were $2.4 billion, an increase of 11 percent over the $2.2 billion in 2003. Reflecting the weaker dollar, foreign currency translation had a positive impact on quarterly revenue of $40 million compared to last year.

"Financial performance this quarter was once again led by two of Medtronic's largest product lines, spinal products and implantable defibrillators. We expect a number of positive events that occurred during the quarter to help fuel growth in the second half of the year," said Art Collins, chairman and CEO of Medtronic.

The company's cardiac rhythm management division reported $1.1 billion in quarterly revenues, representing an 8-percent increase over 2003. Medtronic's largest product line, implantable cardioverter-defibrillators, led growth this quarter with revenues increasing 17 percent.

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows