St. Jude Medical earnings rise on ICD rebound
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Wed, 16 Jul 2008 11:43:03 GMT |
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Reuters |
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US (Business) |
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CHICAGO (Reuters) - St. Jude Medical Inc on Wednesday said quarterly earnings rose as sales of its implantable cardioverter defibrillators, or ICDs, rose 24 percent over a year ago.The cardiovascular device maker, which also raised its outlook for the full year, said second-quarter net earnings were $208.5 million, or 58 cents per share, compared with a profit of $134.8 million, or 39 cents per share, in the year-ago quarter.Net profit in the year-ago quarter was reduced by special charges for settling patent litigation.In the latest quarter, analysts on average expected St. Paul, Minnesota-based St. Jude to earn 55 cents per share, according to Reuters Estimates.(Reporting by Debra Sherman; Editing by Derek Caney)
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