St. Jude Medical Inc. Earnings Drop 7% In Q4

(RTTNews) - St. Jude Medical Inc. (STJ) revealed a profit for fourth quarter that dropped compared to the same period last year.

The company said its profit dropped to $292 million, or $1.02 per share. This was lower than $314 million, or $1.08 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 0.7% to $1.45 billion. This was up from $1.44 billion last year.

St. Jude Medical Inc. earnings at a glance:

-Earnings (Q4): $292 Mln. vs. $314 Mln. last year. -Earnings Decline (Y-o-Y): -7.0% -EPS (Q4): $1.02 vs. $1.08 last year. -EPS Decline (Y-o-Y): -5.6% -Revenue (Q4): $1.45 Bln vs. $1.44 Bln last year. -Revenue Change (Y-o-Y): 0.7%