Medtronic Set New 52-Week High Tuesday

Posted on: Wed, 25 Nov 2009 08:55:00 EST


Symbols: MDT
(RTTNews) - Medtronic Inc. (MDT | Quote | Chart | News | PowerRating) reported second quarter EPS of $0.77 Tuesday morning, which beat the consensus estimate of $0.74. The company also increased its full year 2010 EPS forecast to between $3.17 and $3.22, from prior expectations of $3.10 to $3.20.

Medtronic Inc. gapped open higher Tuesday, but was range-bound for the majority of the session. The stock closed up by $2.94 at $43.25 on the highest volume in 6 months. Medtronic rose above a 2-week range and set a new high for the year.

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