Medtronic (NYSE:MDT) shares are up 3.5 percent this morning after the world’s largest pure-play medical device maker reported strong second-quarter results.
The Twin Cities colossus posted profits of $871 million, or 82 cents per share, on sales of $4.13 billion during the three months ended Oct. 28.
That’s a bottom-line boost of 53.9 percent and a 5.9 percent addition to the top line, compared with the same period last year.
Adjusted to exclude one-time items, EPS was 84 cents per share, two cents above The Street’s consensus.
MDT shares were trading at $34.44 as of about 9:45 this morning.