Medtronic beats global profits estimates but warns about inflation

Medical devices maker is one of the largest multinationals in Ireland

Leo Varadkar at an event last July marking 40 years of Medtronic in Ireland. 

Medtronic, the multinational that employs around 4,000 people in Ireland, has said it expects inflation in various markets to hit its profit in the next financial year.

The medical device maker beat earnings estimate for the third quarter on strong demand for its heart and diabetes devices.