St. Jude Medical Inc. Profit Advances 4% In Q2

(RTTNews) - St. Jude Medical Inc. (STJ) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line climbed to $305 million, or $1.06 per share. This was up from $293 million, or $1.03 per share, in last year's second quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.6% to $1.56 billion. This was up from $1.41 billion last year.

St. Jude Medical Inc. earnings at a glance:

-Earnings (Q2): $305 Mln. vs. $293 Mln. last year. -Earnings Growth (Y-o-Y): 4.1% -EPS (Q2): $1.06 vs. $1.03 last year. -EPS Growth (Y-o-Y): 2.9% -Analysts Estimate: $1.06 -Revenue (Q2): $1.56 Bln vs. $1.41 Bln last year. -Revenue Change (Y-o-Y): 10.6%