Covidien Ltd Reports Second-Quarter 2008 Results

HAMILTON, Bermuda--(BUSINESS WIRE)--Covidien Ltd. (NYSE: COV; BSX: COV) today reported results for the second quarter of fiscal 2008 (January – March 2008). Second-quarter net sales rose 10% to $2.4 billion from $2.2 billion a year ago, fueled by strong growth in the Medical Devices and Imaging Solutions business segments. Sales growth was driven by higher volume and new products. Favorable foreign exchange contributed 5 percentage points to the sales increase. International markets, paced by Europe, Other Americas and Japan, generated strong double-digit sales gains.

MORE ON THIS TOPIC