NEW YORK—Covidien Ltd. lifted its full-year revenue outlook for the second time in three months Tuesday, citing its solid first-half performance.
The Bermuda-based medical device maker and diversified health care company now anticipates 2008 sales growth between 8 percent and 11 percent, up from its prior forecast for growth of 6 percent to 9 percent.
Covidien reported revenue of $10.17 billion in 2007, which implies 2008 sales of $10.93 billion to $11.24 billion.
Analysts polled by Thomson Financial expect full-year revenue of $9.59 billion.
Covidien was spun off from parent company Tyco International Inc. last July.
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