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Medtronic beats profit and sales estimates in latest quarter

Medtronic PLC said Thursday it had net income of $1.460 billion, or $1.07 a share, in its fiscal fourth quarter to April 27, up from $1.163 billion, or 84 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.42, ahead of the FactSet consensus of $1.39. Revenue rose 2.9% to $8.144 billion, also ahead of the FactSet consensus of $7.999 billion.