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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.