Medtronic (MDT) Message Board

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Biotech / Medical : Medtronic (MDT)

MDT 100.84

+0.1%

11:55 AM EST

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To: Jorgen Jensen who wrote (59)	5/7/1997 11:34:00 PM
From: Gottfried	of 687

Jorgen, I found nothing about halting trading, but this may explain the plunge..(I got this by e-mail, so no link). I added emphasis. Gottfried Shares of MEDTRONIC INC. fell Wednesday, apparently on concerns that the company would fail to meet fiscal-fourth-quarter earnings estimates. The concerns came about after company officials pointed out to analysts that it had four fewer selling days in the quarter than in the year-ago period. Medtronic had 63 selling days in the quarter ended April 30, compared with 67 days during the same period last year, according to company spokesman Dick Reid. Reid said Medtronic remains comfortable with the consensus earnings estimate of 61 cents a share. The company reported net income of 54 cents in the year-ago period. (Dow Jones)

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