{"id":34116,"date":"2014-10-15T11:51:31","date_gmt":"2014-10-15T15:51:31","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=34116"},"modified":"2014-10-15T11:51:31","modified_gmt":"2014-10-15T15:51:31","slug":"st-jude-medical-inc-nysestj-records-slower-than-expected-sales-in-international-markets-in-3q","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/st-jude-medical-inc-nysestj-records-slower-than-expected-sales-in-international-markets-in-3q-34116","title":{"rendered":"St. Jude Medical, Inc. (NYSE:STJ) Records Slower Than Expected Sales In International Markets In 3Q"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/15\/2014 (wallstreetpr) \u2013 <strong>St. Jude Medical, Inc. (NYSE:STJ)<\/strong> Chairman, President and CEO, Daniel Starks, said that its sales growth in international markets were slower than its expectations. However, it witnessed accelerated growth in the U.S. as a result of strength in innovation and new products like heart failure monitoring system of CardioMEMS.<\/p>\n<p style=\"text-align: justify;\">He said that the worldwide market trends have forced the company to adjust its guidance for the fourth quarter. Starks added that the company was fully committed to providing an innovation-based growth plan, which would add considerable value to the health care system. He was confident that it would add value to the patient care and cut down the costs.<\/p>\n<p style=\"text-align: justify;\"><strong>Outlook<\/strong><\/p>\n<p style=\"text-align: justify;\">In a <a href=\"http:\/\/finance.yahoo.com\/news\/st-jude-medical-reports-third-113000135.html\" target=\"_blank\">statement<\/a> issued to the media, St. Jude said that it expects adjusted net earnings of $1.02 &#8211; $1.04 a share on revenues of $1.385 &#8211; $1.465 billion for the fourth quarter. The outlook fell short of the <a href=\"http:\/\/www.reuters.com\/article\/2014\/10\/15\/st-jude-medical-results-idUSL3N0SA4O820141015\" target=\"_blank\">analysts\u2019<\/a> expectations of $1.04 a share on revenues of $1.49 billion.<\/p>\n<p style=\"text-align: justify;\">Similarly, for the current year,\u00a0St. Jude Medical, Inc. (NYSE:STJ) is expecting to achieve adjusted earnings of $3.97 \u2013 $3.99 a share on revenue of $5.568 &#8211; $5.648 billion.<\/p>\n<p style=\"text-align: justify;\"><strong>3Q Results<\/strong><\/p>\n<p style=\"text-align: justify;\">St. Jude reported net earnings of $238 million for the third quarter, down 9.2% from $262 million in the same quarter last year. Its earnings too fell 9% to 82 cents a share from 90 cents a share in the year-ago quarter. However, on an adjusted basis, its net income advanced 7.3% to $281 million and earnings 7.8% to 97 cents a share.<\/p>\n<p style=\"text-align: justify;\">St. Jude Medical, Inc. (NYSE:STJ)\u2019s top line grew 2.5% to $1.37 billion from $1.34 billion in the previous year quarter. While sales from the U.S. segment grew 3% to $666 million from $646 million, sales from the international division increased 2% to $706 million from $692 million in the prior year quarter.<\/p>\n<p style=\"text-align: justify;\">St. Jude\u2019s Cardiac Rhythm Management recorded 1% growth in sales to $688 million while Cardiovascular sales grew 2% to $324 million. Its AF product sales advanced 8% to $253 million and that of Neuromodulation 3% to $107 million during the third quarter.<\/p>\n<p style=\"text-align: justify;\">St. Jude Medical, Inc. (NYSE:STJ)\u00a0closed the third quarter with cash and cash equivalents of $1.29 billion, lower than $1.37 billion at the end of December last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/15\/2014 (wallstreetpr) \u2013 St. Jude Medical, Inc. (NYSE:STJ) Chairman, President and CEO, Daniel Starks, said that its sales growth in international markets were [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":34121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[10987,1024,9159],"stock_ticker":[],"class_list":["post-34116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-daniel-starks","tag-nysestj","tag-st-jude-medical-inc-nysestj","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>St. Jude Medical, Inc. 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