Wednesday, July 18, 2007

UPDATE 1-St Jude 2nd-quarter profit off on legal charges

(Reuters) - The St. Paul, Minnesota-based cardiovascular device maker,
which raised its 2007 earnings forecast after a solid first
quarter, again lifted its forecast, calling for third-quarter
earnings per diluted share of 44 to 45 cents and full year
earnings of $1.74 to $1.78, excluding the charge for the patent
settlement.




St. Jude, which competes most directly with Medtronic Inc.
and Boston Scientific Corp. , posted a net
profit of $135 million, or 39 cents per diluted share, compared
with a profit of $141 million, or 38 cents, a year ago.


Read more at Reuters.com Market News

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