St. Jude Medical (STJ) – Will Fourth Quarter Predictions Ring True?

St. Jude Medical is a company dedicated to making medical tools and providing the services needed to give doctors better control in helping patients suffering from cardiovascular disease, neurological disease, and chronic pain. St. Jude hires more than 14,000 employees throughout the world. These employees work in the concentrated areas of cardiac rhythm management, atrial fibrillation, and cardiovascular and neuromodulation among others. Through providing the materials for these needs, the company has benefited greatly. Selling stocks at $38.19 on Monday January 11, they have drawn much attention to the public eye.

In 2010 St. Jude Medical is hoping for double digit earnings, however due to economic factors and high taxes on medical equipment, they are hoping to at least satisfy a more tangible goal of 15 percent of earnings per share. St. Jude’s goal in the fourth quarter is to have a profit between 61 cents – 63 cents per share from sales of 1.2 billion. St. Jude is predicting a full year revenue of 4.68 billion where as the analysts predict a 4.67 revenue.  Some of the more pricey equipment St. Jude has sold in the fourth quarter, attributing to their full year revenue, have been:

• Heart rhythm management devices – $698
• Millionimplantable cardioverter defibrillators (used to treat rapid heartbeats) – $395 million
• Pacemakers (which treat slow heartbeats) – $303 million.

*The fourth quarter results will be discussed Wednesday, January 27th, at 8:00 am Eastern Time. This call is being webcast by CCBN and can be accessed at St. Jude Medical’s web site at www.sjm.com.

Related Articles From Other Bloggers

• Rally For Universal Health Care In Los Angeles. -Just a quick little head's up...if you live in or around Los Angeles and believe we should all have universal health care, you might want to attend the giant rally that is planned for Saturday, August 11th in downtown. The rally is in support of Senate Bill 840, titled "The......
• Odd Economic Indicators Revealed -You've probably heard the term, 'sell in May and go away' in reference to the best time to get out of the market before a summer pull back. Whether or not weather plays a part in it, it is quite intriguing that such a barometer is even researched. It doesn't......
• St. Jude Classic Recap -The final round of the St. Jude Classic, presented by FexEx, was delayed for a total of four hours because of some unexpected rain. The fourth round began finally at 11 o'clock am, with players who were separated into groups of three going off of both tee 1 and tee......
• Auctioneering school: Day 3 -Some more bid calling and number drills.  We also learned about the auction business: conducting real estate auctions, how to sell, whether to include a buyer's premium or not, etc.We saw demonstrations of auction management software that handles clerking, advertising bills, invoices, settlement, and many other details.  We also saw......
• I am at Risk, Are You? Know the Facts on Heart Attacks -I have a lot of reasons for wanting to lose weight.  Right up at the top of the list is be with my family.  To be there to watch my children grow up. To spend quality time with my wife.  To enjoy all of the great things that come with......

Get Free Email Updates
Like this article? Enter your email address and click "Subscribe" to get the latest articles sent to your email for free. Your email will only be used for this daily update and you can unsubscribe anytime.

* Subscribe to our feed now, it's free!

Related Tags
STJ

• Banking: Money Market Rates, Small Business Loans, VA Mortgage,
• Credit Cards: Best Credit Cards, Best Business Credit Cards, Best Student Credit Cards.
• Credit Score: Build Business Credit, Credit Score, Credit Repair.

No comments yet.

Please share your comment: