Medtronic Net Up on Higher ICD Sales
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Medtronic Inc. MDT.N on Wednesday  said its quarterly earnings rose on surprisingly brisk demand  for devices that slow racing heartbeats, offsetting a  weaker-than-expected performance in some of its other  businesses.
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The med-tech firm impresses on many levels.
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Cardiovascular device maker Guidant  Corp. GDT.N said on Thursday its quarterly net profit rose,  helped by sales of implantable devices to treat irregular heart  rhythms.
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Medical device stocks were in the spotlight Wednesday with Medicare&#39;s proposal late Tuesday to expand coverage for implantable cardioverter defibrillators, or ICDs, bolstering shares of those companies making the devices.
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U.S. health regulators on Friday approved Medtronic Inc's new drug-eluting heart stent, the first heart device of its kind to win U.S. approval in about 4 years.
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Medco Health Solutions Inc   reported better-than-expected quarterly earnings on Tuesday,  helped by sales of generic drugs, and the pharmacy benefit  manager boosted its full-year profit forecast, sending its  shares higher.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at International Business Machines Corp., which had already disclosed that the results would be way ahead of analysts' forecasts.
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EMC Corp , the No. 1 maker of  corporate data storage equipment, reported higher quarterly  profit on Thursday on an increase in sales of both hardware and  software.
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Walgreen Co. WAG.N on Monday posted a  30.5 percent rise in quarterly profit, boosted by sales of  generic drugs and digital photo processing, sending its shares  to a nearly three-year high.
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Johnson & Johnson  on Tuesday  said second-quarter profit rose on higher sales of medical  devices and prescription drugs, with especially strong demand  in overseas markets.
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The medical-device maker puts in a nice quarter despite its recent recall trouble.
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, with especially strong demand in overseas markets.
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Medco Health Solutions Inc. , one of the largest U.S. managers of drug benefits, said on Wednesday fourth-quarter profit rose, helped by higher rates of dispensing generic medicines.
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Boston Scientific Corp. (BSX.N: Quote, Profile, Research) on Tuesday said its quarterly net earnings rose as sales of its new cardiovascular device bolstered results despite a costly recall.
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The increase resulted from a sharp rise in sales in its business software unit, the company said.
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Worldwide semiconductor sales rose 9.2 percent in January, boosted by better-than-expected cell phone shipments and strong sales of personal computers, digital cameras and music players, an industry group said on Monday.
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Diversified health-care company Johnson & Johnson  on Tuesday said its quarterly profit rose on higher sales of prescription drugs and medical devices.