FY 2010 net earnings were $3.099 billion, up 50 percent from FY 2008. Fourth quarter revenue was $4.196 billion, up 10 percent over the fourth quarter a year ago, according to the release.
Annual revenue in the company’s spinal segment increased 3 percent to $3.5 billion, representing a 2 percent increase on a constant currency basis. Fourth quarter revenue was flat at $880 million. Outside of the U.S., the company’s spinal segment grew 6 percent on a constant currency basis for the fourth quarter, driving by a growth of balloon kyphoplasty in Western Europe, according to the release.
Read the release on Medtronic’s fourth quarter earnings.
