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News Breaks
January 7, 2013
12:54 EDTMDTMedtronic raises low end of FY13 outlook for tax credit
Medtronic confirmed in a press release that it tightened its FY13 earnings guidance range to $3.66-$3.70 from the previously stated range of $3.62-$3.70. The new range implies annual EPS growth of 6%-7%. Management indicated that the company's updated guidance is based on the positive financial impact from the recent renewal of the U.S. Research and Development tax credit. As previously stated, management estimates the R&D tax credit to have a positive annual earnings and EPS impact of approximately $30M-35M and 4c, respectively. Due to retroactive accounting treatment, the company expects to realize 3c of diluted EPS benefit in Q3, and 1c in Q4, of FY13.
News For MDT From The Last 14 Days
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May 21, 2015
20:04 EDTMDTMedtronic CEO sees untapped potential in India, Times of India says
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May 19, 2015
08:40 EDTMDTMedtronic sees FY15 revenue $20.3B, may not compare to consensus $28.15B
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08:40 EDTMDTMedtronic sees Q4 adjusted EPS at upper half of $1.08-1.13, consensus $1.10
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May 18, 2015
09:27 EDTMDTMedtronic announces study results showing CRT system optimizes treatment
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May 15, 2015
13:33 EDTMDTMedtronic: TYRX antibacterial envelope reduces cardiac device infection rates
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08:12 EDTMDTMedtronic Micra TPS meets initial safety, performance measures
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May 14, 2015
13:34 EDTMDTMedtronic: Micra transcatheter pacemaker meets initial safety measures in study
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09:41 EDTMDTLeerink medical devices analyst holds a cardiology luncheon meeting
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May 12, 2015
10:02 EDTMDTMedtronic receives FDA approval and CE Mark for Advance ST cryoballoon
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