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St. Jude Tops Forecasts
Updated from 8:54 a.m. EDT
St. Jude Medical(STJ Quote) posted lower third-quarter earnings amid charges and a drop in implantable defibrillator sales, but the results surpassed expectations.
The medical-device maker earned $116 million, or 32 cents a share, compared with $168 million, or 44 cents a share, in the year-ago quarter.
St. Jude took a charge of $35 million, or 6 cents a share, related to the combination of its cardiac surgery and cardiology divisions and changes in its sales and customer-service operations. The company also recorded a charge of 3 cents a share on stock-based compensation. ...
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