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Medtronic quarterly net earnings fall


    CHICAGO (Reuters) - Medtronic Inc said on Tuesday its quarterly net earnings fell on a series of special items related to several recent acquisitions.

    Net earnings were $250 million, or 22 cents a share, in the fiscal fourth quarter ended in April. That compared with $812 million, or 72 cents a share, in the same period a year earlier.

    Excluding special items, the world's largest stand-alone medical device maker reported a profit of 82 cents a share, up 5 percent from a year ago and matching Wall Street estimates.

    Fourth-quarter revenue fell 1 percent to $3.83 billion.

    (Reporting by Susan Kelly; Editing by Derek Caney)