MINNEAPOLIS--(BUSINESS WIRE)--Medtronic, Inc. (NYSE:MDT) today announced financial results for its fiscal year and fourth quarter ended April 27, 2007. Medtronic recorded fiscal year 2007 revenue of $12.299 billion, a 9 percent increase over the $11.292 billion in fiscal year 2006. Currency translation had a positive impact of $166 million for fiscal year 2007. As reported, fiscal year 2007 net earnings were $2.802 billion, or $2.41 per diluted share, an increase of 10 and 15 percent, respectively, over the prior year. Adjusting for special, certain litigation and restructuring charges and certain income tax benefits detailed in the attached table, adjusted net earnings and diluted earnings per share were $2.797 billion and $2.41, respectively, an increase of 9 percent and 15 percent, respectively.
