Medtronic Inc.


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Medtronic Inc. announced earnings for the fourth quarter and full year of 2008. For the quarter, the company reported profit was flat compared with last year, when the medical device maker recorded a tax gain of about $129 million. The company earned $812 million, or 72 cents per share, compared with $812 million, or 70 cents per share, a year earlier. Excluding restructuring and buyout charges, the company announced that it earned 78 cents per share. The company's revenue rose 18% to $3.86 billion from $3.28 billion a year ago.