Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

St. Jude Soars as Second-Quarter Revenue Tops Estimates

St. Jude Medical Inc., the St. Paul, Minnesota-based maker of heart-rhythm devices, surged the most in 20 months after second-quarter revenue fell less than analysts had estimated.

St. Jude climbed 5.2 percent to $51 at 4 p.m. New York time for its biggest advance since November 2011. The stock has increased 41 percent this year.

Second-quarter revenue declined less than 1 percent to $1.4 billion from $1.41 billion a year earlier, St. Jude said today in a statement. The sales topped the $1.36 billion average of 20 analysts’ estimates compiled by Bloomberg. The company forecast full-year profit of $3.70 to $3.73 a share, compared with a previous projection of at least $3.68.

“Revenues outpaced expectations in every category,” Brooks West, an analyst with Piper Jaffray, wrote in a research note today, citing cardiac rhythm management as particularly strong. “St. Jude also continues to speak to acquisition criteria which we believe will be used to supplement its growth strategy.”

Earnings, excluding restructuring costs and other one-time items, were $275 million, or 96 cents a share. Net income fell 53 percent to $115 million, or 40 cents, from $244 million, or 78 cents.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.