MINNEAPOLIS--(BUSINESS WIRE)--May 23, 2006--Medtronic, Inc. (NYSE:MDT - News) today updated revenue and diluted earnings per share (EPS) guidance for fiscal years 2007 and 2008. For fiscal year 2007, the Company reiterated projected revenue of between $12.5 billion to $13.0 billion. Management increased their previous guidance for EPS to $2.52 to $2.60 (excluding the impact of stock option expensing). After adjusting for the estimated $0.12 EPS impact of expensing stock options, Medtronic provided EPS guidance of $2.40 to $2.48.
