St. Jude Medical Raises 2016 Adj. Earnings Guidance - Quick Facts

(RTTNews) - St. Jude Medical, Inc. (STJ) announced the company is increasing full-year 2016 consolidated adjusted net earnings guidance by $0.06 to be in the range of $4.01 to $4.11 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.99. Analysts' estimates typically exclude special items.

For the full-year 2016, the company continues to expect total revenue to grow in the range of 2 percent to 4 percent on a comparable constant currency basis with currency negatively impacting full-year 2016 revenue by approximately $35 million to $55 million.

The company expects its consolidated adjusted net earnings for the second quarter of 2016 to be in the range of $1.05 to $1.07 per share. Analysts expect the company to report profit per share of $1.02.

For the second quarter, St. Jude Medical expects revenue to grow in the range of 1 percent to 3 percent on a comparable constant currency basis compared to the second quarter of 2015 with currency negatively impacting second quarter revenue by approximately $10 million to $15 million.