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St. Jude (STJ) Q3 Earnings In Line; Revenues Lag

St. Jude Medical, Inc.STJ is one of the leading worldwide manufacturers of innovative cardiovascular and implantable neurostimulation medical devices. St. Jude's breakthrough CardioMEMS technology is a major growth driver for the company.

Currently, this St. Paul, MN-based company carries a Zacks Rank #2 (Buy) but that could change following its third-quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: St. Jude's adjusted earnings of 97 cents per share was in line with the Zacks Consensus Estimate, but declined nearly 5% on a year-over-year basis.

Revenues: St. Jude's net sales declined 2.4% year over year to $1.34 billion, and fell short of the Zacks Consensus Estimate of $1.35 billion.

Key Stats: Atrial fibrillation sales increased roughly 7.1% year over year to $271 million, while on a constant currency basis, it surged 17%. Neuromodulation revenues were $121 million, reflecting a year over year growth of 13% (or 19% on a constant currency basis).

Major Factors: For the fourth quarter of 2015, St. Jude expects revenue in the range of $1.46-$1.48 billion, while adjusted EPS is expected to be in the range of $1.00-$1.02. For fiscal 2015, revenues are expected to lie in the band of $5.55-5.57 billion, while adjusted EPS is expected to be in the range of $3.93-$3.95.

Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.

Check back later for our full write up on this St. Jude Medical earnings report later!

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ST JUDE MEDICAL (STJ): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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