ST. JUDE PROFIT SOARS 40% IN Q2; OUTLOOK REDUCED

St. Jude Medical Inc.'s profit jumped 40 percent in the second quarter of 2006, but the company trimmed its forecast for the year. The Little Canada-based medical device maker posted net income of $141 million, or 38 cents per diluted share, in the quarter ended June 30. That compares to earnings of $101 million, or 27 cents a share, in the same period last year.
Minneapolis-St. Paul Business Journal