St. Jude Medical net earnings down on charges

July 17 Wed Jul 17, 2013 7:47am EDT

July 17 (Reuters) - Heart device maker St. Jude Medical Inc on Wednesday posted a lower second-quarter net profit, on costs related to the early retirement of debt.

Second-quarter net earnings fell to $115 million, or 40 cents per share, from $244 million, or 78 cents per share, a year before. Net sales declined slightly to $1.40 billion from $1.41 billion a year ago, hurt by unfavorable foreign currency translations.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.