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What to Expect When Medtronic (MDT) Reports Q1 Earnings

NEW YORK (TheStreet) -- Shares of Medtronic (MDT) were slipping in early-afternoon trading on Wednesday as the Dublin-based medical technology and services company is expected to post 2017 first quarter results before Thursday's opening bell.

Wall Street is looking for earnings of $1.01 per share and $7.17 billion in revenue.

Medtronic reported earnings of $1.02 per share on $7.27 billion in revenue for the 2016 first quarter.

Foreign currency translation created a negative $179 million impact on 2016 fourth quarter revenues and Medtronic said it expects a negative foreign currency impact of $25 million to $75 million on revenues in 2017.

Citi initiated...