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St. Jude Medical says third quarter profits fell 22 percent

St. Jude Medical, Inc. reported a 22 percent drop in profits for the third quarter, MarketWatch reports. The Little Canada-based medical equipment supplier and manufacturer posted a profit of $176 million, down from $227 million a year ago.
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St. Jude Medical, Inc. reported a 22 percent drop in profits for the third quarter, MarketWatch reports. The Little Canada-based medical equipment supplier and manufacturer posted a profit of $176 million, down from $227 million a year ago.

Meanwhile, St. Jude Medical CEO Daniel Starks told investors the company may get a warning letter from the U.S. Food and Drug Administration about one of its manufacturing facilities in California, Reuters reports.

Click here, for the complete third quarter earnings report.

Click here, to follow St. Jude Medical’s stock performance.

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