St. Jude falls on soft earnings

Investor's Business Daily

Device maker St. Jude Medical (STJ) posted Q1 earnings and guidance that modestly beat Wall Street's expectations Wed., but investors were unimpressed as its stock was down nearly 2% to 62.04. EPS climbed 4% to 96 cents due to lower taxes, analysts said. Revenue rose 1.9% from a year ago to $1.36 bil.

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