U.S. markets close in 54 minutes
  • S&P 500

    4,419.36
    +7.57 (+0.17%)
     
  • Dow 30

    35,122.62
    +61.07 (+0.17%)
     
  • Nasdaq

    14,840.79
    +3.80 (+0.03%)
     
  • Russell 2000

    2,214.20
    +4.55 (+0.21%)
     
  • Crude Oil

    72.17
    +0.10 (+0.14%)
     
  • Gold

    1,796.70
    -5.10 (-0.28%)
     
  • Silver

    25.25
    +0.01 (+0.05%)
     
  • EUR/USD

    1.1805
    +0.0035 (+0.30%)
     
  • 10-Yr Bond

    1.2780
    -0.0080 (-0.62%)
     
  • GBP/USD

    1.3815
    +0.0061 (+0.45%)
     
  • USD/JPY

    110.3800
    -0.1300 (-0.12%)
     
  • BTC-USD

    39,723.77
    +5,284.24 (+15.34%)
     
  • CMC Crypto 200

    944.11
    +28.63 (+3.13%)
     
  • FTSE 100

    7,025.43
    -2.15 (-0.03%)
     
  • Nikkei 225

    27,833.29
    +285.29 (+1.04%)
     

St Jude Medical's quarterly profit doubles as expenses fall

July 16 (Reuters) - 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)