St. Jude Medical Inc. (STJ) reported net profit for the fourth quarter of 2009 of $190 million, or $0.57 per share, versus net loss of $201 million, or $0.58 per share in the year-ago quarter.
Excluding charges and the after-tax benefit, adjusted net earnings for the fourth quarter of 2009 were $214 million, or $0.64 per share.
Net sales for the quarter rose 6% to $1.203 billion over the $1.133 billion in the same period last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share, on revenues of $1.20 billion. Analysts' estimates typically exclude special items.
Looking ahead, the company said it expects its consolidated earnings per diluted share for the first quarter of 2010 to be in the range of $0.66 to $0.68 and for full-year 2010 in the range of $2.71 to $2.76.
Analysts estimate the company to report earnings per share of $0.65 for the first quarter and $2.71 for 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.