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Will Medtronic (MDT) Stock Be Helped by Q1 Earnings Beat?

NEW YORK (TheStreet) -- Medtronic (MDT) reported better-than-expected earnings for the 2017 fiscal first quarter before Thursday's opening bell.

The Dublin-based medical technology and services company posted adjusted earnings of $1.03 per diluted share, topping analysts' estimates of $1.01 per share.

Revenue for the quarter was $7.17 billion, in line with analysts' expectations.

For the full year, Medtronic sees adjusted earnings per share between $4.60 and $4.70. Wall Street is expecting earnings of $4.66 per share for fiscal 2017.

"We feel very...