TheNewsRoom | Covidien Profit Dips, Company Ups Sales Estimates

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Covidien Profit Dips, Company Ups Sales Estimates

November 17, 2009

Covidien said its fiscal fourth quarter earnings totaled $56 million, or 11 cents per share, an 86 percent decline as compared to $409 million, or 81 cents per share in the same quarter last year. Adjusted to exclude one-time items, the company would have earned 72 cents per share, beating Wall Street forecasts.