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Covidien Q2 boosted by international markets
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Posted on
May 09 2008 7:05 AM
by
adeal
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Covidien Ltd., the Mansfield, Mass.-based maker of surgical instruments and medical devices, said Tuesday second-quarter sales rose 10 percent to $2.4 billion, helped by strong demand in international markets.
Favorable foreign exchange contributed 5 percentage points to the sales increase, Covidien said. International markets, paced by Europe and Asia, generated double-digit sales gains. Operating income in the quarter was $405 million, down from $484 million in the year-earlier period.
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