Jan 22 Medical device maker St. Jude Medical Inc
reported a higher fourth-quarter profit on Wednesday, as
it had expected, and forecast growth in both earnings and
revenue in 2014.
St. Jude said it expected 2014 revenue in the range of $5.6
billion to $5.75 billion, and earnings of $3.94 to $3.99 per
share. That compares with sales of $5.5 billion and earnings
excluding charges of $3.76 per share in 2013.
For 2014, analysts had expected earnings of $3.98 per share
and revenue of $5.64 billion, according to Thomson Reuters
St. Jude said on Jan. 13 its fourth quarter had been better
than expected and that it would report earnings of 97 cents to
99 cents per share, excluding restructuring costs and charges.
Excluding special items, the company reported a profit of
$294 million, or 99 cents per share, up from $285 million, or 92
cents a share, a year earlier.
The company reported fourth-quarter revenue of $1.42
billion. Analysts had forecast adjusted earnings of 97 cents per
share and revenue of $1.38 billion.