|
MINNEAPOLIS (AP) - The business idea hasn't changed. Medical device maker Medtronic Inc. says millions of people need implantable defibrillators, and it's a market that should grow at 10 percent a year or more, eventually.
But recalls and safety concerns — mostly at competitors — have hurt sales, and that in turn held back Medtronic's sales and profit growth.
The company said Tuesday that fiscal third-quarter profits grew 6 percent from a year ago on strong overseas sales, results that still beat analyst expectations.
|