Tue, February 3, 2009
Mon, February 2, 2009
Sun, February 1, 2009
Sat, January 31, 2009
Fri, January 30, 2009
[ Fri, Jan 30th 2009 ] - Market Wire
Progen-Avexa Merger Update
Thu, January 29, 2009
Wed, January 28, 2009
Tue, January 27, 2009
[ Tue, Jan 27th 2009 ] - Market Wire
SCOR: SCOR sets up Zurich Hub
Mon, January 26, 2009
Sun, January 25, 2009
Fri, January 23, 2009
Thu, January 22, 2009
Wed, January 21, 2009
Tue, January 20, 2009
Mon, January 19, 2009
Fri, January 16, 2009

Schaeffer's Street Stories: St. Jude Medical Inc. Beats Earnings Expectations


//health-fitness.news-articles.net/content/2009/ .. ude-medical-inc-beats-earnings-expectations.html
Published in Health and Fitness on , Last Modified on 2009-01-27 09:23:14 by Market Wire   Print publication without navigation


CINCINNATI--([ BUSINESS WIRE ])--St. Jude Medical Inc. (NYSE: STJ) slipped into the earnings confessional this morning and presented the Street with some impressive results. The medical-device maker posted a net loss of $194 million, or 56 cents per share, compared with year-earlier net income of $118 million, or 34 cents. Excluding charges, such as write-downs and other charges related to last month's $533 million acquisition of MediGuide, earnings rose to 60 cents from 54 cents. Meanwhile, sales increased 11% to $1.13 billion. Analysts had predicted a profit of 58 cents per share.

Last month, citing the stronger dollar, St. Jude lowered its earnings target to 56 cents to 60 cents a share and projected sales of $1.05 billion to $1.12 billion.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/st+jude+medical+inc+beats+earnings+expectations/observations.aspx?click=home&ID=90771 ]


Publication Contributing Sources