Medtronic (NYSE:MDT) posted its quarterly results this morning. The medical device maker posted a first quarter EPS of 85 cents on revenue of $4 billion, higher than the same time last year and in line with analyst expectations.Medtronic has been battling pressure in some of its market segments due to high unemployment and government scrutiny of medical practices. However, the company found a way to find some profit with earnings rising 5.2% from the previous year.Investors are not too excited with the company’s quarterly results though. The company’s stock is trading flat on the day.
