St. Jude Medical and Intel Corp. Beat Earnings by Just a Penny
St. Jude Medical Inc. (NYSE: STJ) reported Q1 2014 earnings and posted a 4.3% rise in adjusted net earnings per share to 96 cents. This is compared to 92 cents a year-ago. The company beat the Zacks Consensus Estimate by a penny and met its own guidance of 94 and 96 cents per share for the quarter. The company’s reported earnings were $249 million or 86 cents per share in the quarter, compared with $223 million or 78 cents per share in the comparable quarter of 2013. Revenues grew about 2.0% to $1,363 million for the quarter, also beating the Zacks Consensus Estimate of $1,355 million as well as the company’s own guided range of 1,280 to $1,360 million.
St. Jude Medical, Inc. develops, manufactures and distributes medical devices for cardiac rhythm management, cardiovascular, and atrial fibrillation therapy areas worldwide. It operates in two divisions, Implantable Electronic Systems, and Cardiovascular and Ablation Technologies. The company offers tachycardia implantable cardioverter defibrillator systems that provide therapy to patients suffering from heart conditions, such as sudden cardiac arrest; and cardiac resynchronization therapy devices to treat patients suffering from heart failure.
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Intel Corporation (NASDAQ: INTC) reported first-quarter earnings that came in at 38 cents per share, beating the Zacks Consensus Estimate of 37 cents but somewhat lower than guidance indicated. The company reported revenue was $12.76 billion, within the guidance range of 12.8 billion. This came in line with the Zacks Consensus of $12.8 billion. This was down 7.7% sequentially and up 1.5% from the year-ago quarter.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, automobile infotainment systems, automated factory systems, and medical devices. It offers microprocessors that processes system data and controls other devices in the system; and chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; system-on-chip products that integrate its processing functions with other system components, including graphics, audio, and video onto a single chip; wired network connectivity products; and wireless connectivity products. The company also provides mobile components comprising baseband processors, radio frequency transceivers, WiFi products, Bluetooth products, global navigation satellite system, and power management chips; and gateway and set-top box components
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