Updated:
Original:

Heartening profits for St. Jude Medical

Author:

Shares of St. Jude Medical stock traded at a two year high on Wednesday. The stock jumped in morning trading as the St. Paul-based medical device company posted higher-than-expected quarterly earnings.

Reuters reports that revenue from sales of devices to treat abnormal heart rhythms improved from earlier this year. Analysts had expected second quarter sales of $1.36 billion but they settled at $1.40 billion, up about 2 percent from a year ago, St. Jude said.

The company raised its earnings forecast because of expected sales of a series of new heart devices.

St. Jude had lost market share in the past year due to problems with the lead wires that connect its devices to the heart, but Reuters said the company appears to have turned the corner on the problem.

Next Up

Eddie Rosario

Where Eddie Rosario's championship series heroics rank since 2000

The former Twin put together an all-timer to help the Braves reach the World Series.

plane, Piper PA-32

2 dead after plane crashes near residence in rural Wisconsin

The aircraft also struck the house during the crash.

Screen Shot 2021-10-23 at 9.38.43 PM

1 dead after van crashes and lands on Highway 100 in Brooklyn Center

Northbound Highway 100 was shut down following the crash Saturday night.

Jess Peterson

Woman killed in crash ID'd as 'bad ass biker chick' with 'giving spirit'

The 30-year-old died in a motorcycle crash on Oct. 19.

Karl-Anthony Towns

Timberwolves' defense fuels win over Pelicans

The Wolves' have bought in on the defensive end as part of a 2-0 start.

Minnesota Wild

Ryan Hartman's OT goal helps Wild stay undefeated

The Wild improved to 4-0 with a win over the Ducks.

Mar'Keise Irving / Gopher Football

Gophers pound Maryland to stay in Big Ten West race

Four different players scored a rushing touchdown in a 34-16 victory over Maryland.

Father Paul Kubista at St. Mary of Czestochowa

Controversy after Delano priest shares vaccine misinformation in church bulletin

Father Paul Kubista is pastor at St. Mary of Czestochowa Catholic Church.

robberies

Mel-O-Glaze, DreamHaven Books robbed at gunpoint minutes apart

The businesses were hit by three robbers just six minutes apart on Oct. 21.

Related