What's Behind St. Jude Medical's 5% Pop?
Shares of medical-device maker St. Jude Medical climbed more than 5.2% today after the company reported its second-quarter results. While net sales were down slightly compared to the same quarter last year, the company's revenue and earnings per share beat estimates and impressed investors.
The focus in the report was partly on improved sales in St. Jude's Cardiac Rhythm Management division. This division failed to grow year over year, but sales were far more robust that in the first quarter of this year. This might also be a good sign for other medical-device companies competing in this space. Health-care analyst Max Macaluso discusses these topics in the following video.
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The article What's Behind St. Jude Medical's 5% Pop? originally appeared on Fool.com.
Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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