On Tuesday, Shares of St. Jude Medical, Inc. (NYSE:STJ), lost -0.51% to $71.64.
St. Jude Medical, stated sales and net earnings for its second quarter ended July 4, 2015.
Second quarter 2015 highlights:
- Net sales raised by about 6 percent on a constant currency basis contrast to the preceding year quarter
- CardioMEMS HF System sales totaled about $20 million
- Atrial fibrillation revenue raised by about 18 percent on a constant currency basis due to global market share gains driven by the St. Jude Medical FlexAbilityTM and TactiCathTM Quartz Contact Force ablation catheters
- Worldwide neuromodulation revenue raised by about 17 percent on a constant currency basis, marking the fourth successive quarter of sales acceleration on a year over year basis
Second Quarter 2015 Sales
The company stated net sales of $1.410 billion in the second quarter of 2015, a 3 percent decrease contrast to net sales of $1.448 billion in the second quarter of 2014. On a constant currency basis, net sales raised by about 6 percent contrast to the second quarter of 2014.
Commenting on the company’s financial results, St. Jude Medical Chairman, President and Chief Executive Officer Daniel J. Starks said, “St. Jude Medical’s second quarter results reflect the continued success of our innovation-based growth strategy. We remain confident in our key programs that accelerated sales growth in the first half of 2015 and are raising our sales guidance in order to demonstrate our strong outlook for the remainder of the year.”
St. Jude Medical, Inc., together with its auxiliaries, develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm administration, cardiovascular, and atrial fibrillation therapy areas worldwide.
Finally, Newell Rubbermaid Inc. (NYSE:NWL), ended its last trade with -1.10% loss, and closed at $43.18.
Newell Rubbermaid Inc., declared that it has sold its Rubbermaid medical carts business to Capsa Solutions, a leader in the development and manufacturing of mobile computer workstations, medical carts, health IT mounting solutions and medication administration systems, based in Portland, OR.
“Our Growth Game Plan strategy is designed to accelerate performance by setting clear priorities for our business,” said Michael Polk, Newell Rubbermaid President and Chief Executive Officer. “This transaction will further simplify our portfolio as we continue to invest behind our highest-potential global growth opportunities. We believe the medical cart business, while not core to our strategy, will be a strong performer in the hands of an owner who is focused and committed to growing and innovating in this healthcare category.”
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting.
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