July 16 Heart device maker St. Jude Medical Inc
reported a quarterly net profit that more than doubled
as expenses fell.
Net earnings attributable to St. Jude rose to $270 million,
or 93 cents per share, in the second quarter ended June 28, from
$115 million, or 40 cents per share, a year earlier.
Net sales rose 3 percent to $1.45 billion.
The company said "other expenses" fell to $21 million in the
latest quarter from $183 million.
Excluding special items and including the benefit of an R&D
tax credit adjustment, adjusted earnings were $1.02 per share.
On that basis, analysts on average had expected $1.00 per share,
according to Thomson Reuters I/B/E/S.
(Reporting by Shailesh Kuber; Editing by Sriraj Kalluvila)