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Abbott, St. Jude Medical Post Gains

Stock quotes in this article: ABT , STJ , DNA  

Abbott (ABT Quote) and St. Jude Medical (STJ Quote) shares bucked the market's downward trend Wednesday, after reporting third-quarter profit growth on strong drug and medical device sales.

Both stocks were posting fractional gains, even though the Dow Jones Industrial Average was off more than 300 points.

Before the market opened, Abbott reported earning $1.08 billion, or 69 cents a share, up from $717 million, or 46 cents a share a year prior. Revenue rose 17.6% to $7.5 billion. ...

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