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4 years ago
St. Jude Medical net earnings down on charges
July 17, 2013 / 11:48 AM / 4 years ago

St. Jude Medical net earnings down on charges

July 17 (Reuters) - Heart device maker St. Jude Medical Inc on Wednesday posted a lower second-quarter net profit, on costs related to the early retirement of debt.

Second-quarter net earnings fell to $115 million, or 40 cents per share, from $244 million, or 78 cents per share, a year before. Net sales declined slightly to $1.40 billion from $1.41 billion a year ago, hurt by unfavorable foreign currency translations.

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