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Medtronic Reports Mixed Second Quarter Results

Spine revenues of $782 million, for instance, declined 5% on a constant currency basis, while coronary revenues rose by 19% to $429 million, driven by global sales of the firm’s Resolute Integrity zotarolimus-eluting stent.

Medtronic reported mixed results for its 2013 fiscal second quarter, with coronary, structural heart, endovascular and neuromodulation products seeing sales gains while spine and pacing sales dropped.

“We had a number of businesses and geographies that delivered outstanding performances but at the same time there were businesses and geographies that faced some pressures and we're watching these...

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