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Before yesterday, Wall Street had been terrified that the mess over at Guidant was crimping Medtronic’s ICD business. While sales growth was down, it wasn’t nearly as bad as the Street was expecting. Actually, Medtronic wound up having a pretty decent quarter. What’s more, the company raised estimates again. For next year, the company expects earnings of $2.52 to $2.60. For 2008, Medtronic sees earnings of $2.78 to $2.88.

Posted by edelfenbein at May 24, 2006 9:38 AM