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Covidien Reports Third-Quarter 2009 Results
Covidien, 07/31/09
Covidien plc reported results for the third quarter of fiscal 2009. Third–quarter net sales declined 3% to $2.5 billion from $2.6 billion a year ago, with unfavorable foreign exchange of $143 million reducing the quarterly sales growth rate by approximately 5 percentage points. Operational growth, which excludes the impact of foreign exchange, was 2%, driven primarily by higher volume and new products.
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