Medtronic Shares Selling Off Despite Inline Q3 Results, Narrowed FY Outlook

Medtronic, (NYSE: MDT ) announced its third quarter of fiscal year 2014 earnings on Tuesday morning. Shares are down more than 2 percent to around $55.55 at last check. Revenue grew 4 percent on constant currency basis to $4.2 billion, slightly higher than the $4.15 billion analyst estimates. GAAP