Medtronic (MDT-NYSE) posted quarterly results with revenues up 75 to $3.28 Billion, helped on currency by $71 million.  Net earnings were 4812 million, or $0.70 EPS but $0.66 adjusting for charges and tax benefits.  First Call estimates were $0.62 EPS and $3.27 Billion revenues.  Shares closed up 0.45% ahead of earnings in normal trading and shares are up another 1.8% at $51.75 in after-hours trading.  Unfortunately we have no guidance out of the company in this release, so this one is still an "outstanding and unresolved issue" until that is known.

MDT’s 52-week trading range is $42.37 to $54.86.

Jon C. Ogg
May 22, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.