UPDATE: St. Jude Medical Posts Drop In Q4 Profit

St. Jude Medical Inc STJ reported a drop in its fourth-quarter profit. St. Jude Medical's quarterly profit fell to $163.4 million, or $0.51 per share, from $206.4 million, or $0.62 per share, in the year-ago period. Excluding one-time items, St. Jude Medical earned $0.86 per share. Its sales climbed to $1.41 billion, from $1.35 billion. However, analysts were expecting a profit of $0.84 per share on sales of $1.40 billion. St. Jude Medical projects Q1 earnings of $0.82 to $0.84 per share, versus analysts' estimates of $0.85 per share. St. Jude Medical shares fell 2.49% to $37.60 in pre-market trading.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceEarnings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!