Canaccord Genuity Cuts Price Target on St. Jude Medical (STJ) Following In-Line 3Q Results

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Go back to Canaccord Genuity Cuts Price Target on St. Jude Medical (STJ) Following In-Line 3Q Results

St. Jude Medical Reports Third Quarter 2015 Results

October 21, 2015 7:15 AM EDT

ST. PAUL, Minn.--(BUSINESS WIRE)-- St. Jude Medical, Inc. (NYSE: STJ) today reported sales and net earnings for its third quarter ended October 3, 2015. The company announced on October 8, 2015, that it had completed its acquisition of Thoratec, which did not affect the operational results of the companys third quarter.

Third quarter 2015 highlights:

Net sales increased by approximately 6 percent on a constant currency basis compared to the prior year quarter CardioMEMS HF System sales totaled approximately $20 million Worldwide neuromodulation revenue... More