Medtronic (MDT) Message Board

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Biotech / Medical : Medtronic (MDT)

MDT 101.99

0.0%

Dec 3 3:59 PM EST

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To: R Sandvig who wrote (281)	6/5/1998 4:45:00 PM
From: Dennis	of 687

HOPE THIS MAKES YOU FEEL BETTER :o) Wednesday June 3, 11:44 am Eastern Time Medtronic rises on earnings outlook CHICAGO, June 3 (Reuters) - Shares in Medtronic Inc. jumped 1-13/16 to 55-7/8 after the company received approval for a new stent and expressed comfort with analysts' earnings estimates. The company is comfortable with analysts' consensus earnings estimates of about $1.50 per share for fiscal 1999 and about $1.77 per share for fiscal 2000, said a spokesman. That statement, made earlier Wednesday by Medtronic chief executive William George at a conference in New York, likely boosted the stock, said an industry analyst. Medtronic also received U.S. Food and Drug Administration clearance Wednesday for its Wiktor Rival stent system. The FDA approval had been expected, analysts said.

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