Medtronic Gains 10% in Q1, Posts $953M Net Earnings

Medtronic reported a 10 percent increase in net earnings for the first quarter of 2014, which ended July 26. The company's net earnings total $953 million, up from $864 million during the same period last year. Medtronic's net sales reached $4.1 billion, up nearly 1.9 percent from last year's $4 billion.

Revenue from spine, including core spine and BMP, dropped to $765 million from $786 million during the first quarter of 2013. BMP alone decreased 12 percent from the same period last year.

All other areas of Medtronic sales, including coronary, endovascular and surgical technologies, increased.

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