August 21, 2012 / 11:33 AM / 5 years ago

Medtronic post higher quarterly earnings

Aug 21 (Reuters) - Medical device maker Medtronic Inc on Tuesday reported higher quarterly earnings as sales in its smaller divisions outweighed continued weakness in its key cardiac rhythm management unit.

Net earnings rose to $864 million, or 83 cents per diluted share, in its fiscal first quarter ended July 27, from $821 million, or 77 cents per diluted share, in the year ago period.

Quarterly sales increased to $4.01 billion from $3.95 billion a year ago.

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