UPDATE: Medtronic FQ1 Profit Surges 10%

Medtronic (NYSE: MDT ) reported a 10% rise in its fiscal first-quarter earnings. Medtronic's quarterly profit surged to $953 million, or $0.93 per share, from $864 million, or $0.83 per share, in the year-ago period. Excluding one-time items, its adjusted earnings rose to $0.88 from $0.85 per share. Its revenue