NEW YORK (CNNMoney.com) -- Medtronic Inc. on Tuesday reported healthy gains in sales and earnings but analysts were disappointed by revenue growth.
The Minneapolis-based maker of medical devices reported an 8 percent jump in revenue to $3.1 billion and a 13 percent rise in net earnings to $675 million, for the first-quarter of its 2008 fiscal year, which ended July 27. Earnings per share, excluding one-time items, were up 13 percent to 62 cents, in line with Wall Street estimates.