Medtronic profit up, but defibrillator sales weak
448703
Medtronic Inc.  reported higher  quarterly profit on Tuesday as demand for its spine, vascular  and neurology products offset weak sales of its implantable  devices to control dangerously fast heartbeats.
495557
Shares of Medtronic Inc.  on Thursday sank 7 percent to their lowest level in more than three months after the medical device maker posted weaker-than-expected growth in one of its key business units, sparking at least three broker downgrades.
648734
Walgreen Co , one of the  largest U.S. drugstore operators, posted higher quarterly  profit on Friday, helped by higher sales and cost controls.
559054
Shares of Medtronic Inc. MDT.N on  Thursday sank 7 percent to their lowest level in more than  three months after the medical device maker posted  weaker-than-expected growth in one of its key business units,  sparking at least three broker downgrades.
154759
Boston Scientific Corp. BSX.N on  Tuesday said its quarterly net earnings rose as sales of its  new cardiovascular device bolstered results despite a costly  recall.
557205
Boston Scientific Corp. said last night that sales of its two key products, stents and implantable defibrillators, were slowing down and were likely to drag its third-quarter profit well below Wall Street expectations.
89103
Novell Thursday posted a quarterly profit as revenue rose, but the company warned that spending on information technology by companies remained weak.
620287
Internal defibrillator maker's earnings growth rate is slowing down, but its future looks healthy.
625401
Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit helped by strong sales of consumer electronics  equipment, but issued a forecast that fell short of estimates,  sending shares down nearly 8 percent.
23410
Circuit City Stores Inc. on Monday  posted a quarterly profit compared with a loss a year earlier,  boosted by strong sales of high-ticket items like flat-panel  televisions and digital music players.
139031
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.
380993
The medical-device maker puts in a nice quarter despite its recent recall trouble.
623303
Though the macroeconomic picture remains cloudy, major IT vendors, such as Apple, Microsoft, and EMC, for the most part reported solid third-quarter earnings this week, giving technology investors hope for the rest of the year.Thursday was a busy day on Wall Street with Microsoft, EMC, and Motorola reporting.After the market closed,&#160;Microsoft reported a 23 percent quarterly jump in net income, which hit $4.29 billion as demand for Windows and Office software remained strong. Revenue was $13.76 billion, a 27 increase from one year earlier. The company said it was the fastest revenue growth spurt for their first fiscal quarter since 1999, around the height of the dot-com boom. That should help reassure some investors that despite concerns about the U.S. economy, at least certain areas of the IT sector are still managing to show strong growth.In after-hours trading right after the announcement, Microsoft shares rose by $1.98 to $33.98.EMC&#39;s profit jumped&#160;as the data-storage company made gains on the sale of part of its stake in virtualization software maker VMware. EMC reported that net income was $492.9 million, compared with a profit of $283.7 million last year. Revenue jumped to $3.3 billion from $2.8 billion a year earlier. Though much of the gains were from&#160;a one-time sale of part of VMware to Cisco, other parts of the business did well: Software rose 25 percent, storage business sales rose 9 percent, and service grew 25 percent. EMC shares rose $1.92 on the news, to close at $24.45.Motorola, meanwhile, reported an abrupt drop, of 94 percent, in quarterly profit, as it searched to find a follow-up to its Razr mobile phone. Net income was $60 million, while revenue fell 17 percent to $8.81 billion. Nevertheless investors apparently were heartened that the company saw small boosts in the average selling price for mobile devices -- something that even mighty Nokia did not experience last quarter.Motorola forecast earnings from continuing operations for the fourth quarter of $0.12 to $0.14 a share, while analysts had expected earnings of $0.10. So even though profit was way down, company shares managed to jump $0.75 to $19.30 Thursday.Apple kicked off the week on a high note, on Monday reporting solid earnings that were fueled by record Mac sales and shipments of 1.12 million iPhones. The company handily beat analyst estimates with income of $904 million, 67 percent higher than a year earlier. Earnings per share were $1.01. Analysts polled by Thomson Financial had forecast $760.45 million in net income and earnings of $0.84 per share. Apple jumped $11.80 to close at $186.16 the day after its earnings report. Even though Apple shares have been trading at all-time highs, the common wisdom on Wall Street is that things will get even better.Brokerages like Goldman Sachs and UBS reiterated &quot;buy&quot; ratings and Citi Investment Research headlined its report: &quot;The Best Is Yet To Come.&quot; With the new Mac OS, Leopard, going to market on Friday, sales are expected to do well through the holiday season.Still, concerns about the U.S. economy linger. With the price of oil skyrocketing and the housing-market crisis making headlines, investors remain worried that economic concerns will weigh on IT sales. But earnings from the major IT bellwethers over the last few weeks are showing that technology is proving to be resilient, so far.
683154
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.
609185
Diversified health-care company Johnson & Johnson  on Tuesday said its quarterly profit rose on higher sales of prescription drugs and medical devices.
64070
The drug maker said its fourth-quarter profit fell 70 percent from a year-ago period that included the sale of its consumer health business, but adjusted profit topped Wall Street expectations.
45965
In a tug of war over the skyrocketing costs of medical technology, the makers of implantable defibrillators are opposing a plan by Medicare to track the health outcomes of patients who get the devices.