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Medtronic Stock FallsInvestor's Business Daily
•Business
Business & Economics
79% Informative
Medtronic missed Wall Street's January-quarter sales expectations.
The company blamed a change in U.S. distributor buying patterns for surgical instruments.
Medical surgical sales declined by 0.4% organically and lagged projections by about 2.6% , Evercore ISI analyst Vijay Kumar said.
The premarket move puts shares on deck to open below their buy point.
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