St. Jude Medical Earnings: Everything You Must Know Now

St. Jude Medical Inc. (NYSE:STJ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

St. Jude Medical Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.09% to $0.96 in the quarter versus EPS of $0.88 in the year-earlier quarter.

Revenue: Decreased 0.5% to $1.4 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: St. Jude Medical Inc. reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.94. It beat the average revenue estimate of $1.36 billion.

Quoting Management: Commenting on the Company’s financial results, St. Jude Medical Chairman, President and Chief Executive Officer Daniel J. Starks said, “During the second quarter, St. Jude Medical made good progress towards accelerating our sales growth on a sustainable basis. Our operating discipline, healthy balance sheet and strong cash flow will continue to allow us to fund disciplined acquisitions and return value to shareholders. We remain confident in our ability to deliver double-digit constant currency growth in 2013 adjusted earnings per share.”

Key Stats (on next page)…

Revenue increased 4.86% from $1.34 billion in the previous quarter. EPS increased 4.35% from $0.92 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.88 and has not changed. For the current year, the average estimate is a profit of $3.69, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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