Medtronic Earnings Preview: Key Businesses In Focus

When Medtronic comes out with its Q3 FY 2015 earnings, we expect revenue growth to meet the company?s guidance of 4-5% on a constant currency basis. Most of the company?s major businesses are likely to sustain their growth momentum as new products have found good acceptance. In December 2014, Medtronic raised $17 billion in the largest corporate debt sale of the year to finance its $43 billion acquisition of Covidien. Going forward, this acquisition is likely to improve operational efficiency by...