UPDATE: St. Jude Medical Posts Rise In Q2 Profit
St. Jude Medical (NYSE: STJ) reported a rise in its second-quarter profit.
St. Jude Medical's quarterly profit climbed to $244 million, or $0.88 per share, from $241 million, or $0.85 per share, in the year-ago period.
Its revenue dropped to $1.41 billion, from $1.44 billion. However, analysts were expecting earnings of $0.87 per share on revenue of $1.43 billion.
St. Jude Medical shares gained 0.03% to $39.25 in pre-market trading.
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