Medtronic, Inc., (NYSE:MDT) today updated revenue and diluted earnings per share (EPS) guidance for fiscal years 2007 and 2008.

For fiscal year 2007, the company projected revenue of $12.2 to $12.6 billion. Management updated its previous guidance for EPS to $2.30 to $2.38.

For fiscal year 2008, Medtronic noted that revenue estimates of $13.7 to $14.5 billion and EPS estimates of $2.65 to $2.75 seem reasonable at this time.

As in the past, all earnings per share ranges exclude any effect of special or extraordinary charges that may impact the company’s continuing operations. The changes in guidance also reflect only the information available to the company at this time.

About Medtronic
Medtronic, Inc., headquartered in Minneapolis, is the world’s leading medical technology company, alleviating pain, restoring health and extending life for people with chronic disease. Its Internet address is www.medtronic.com.

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