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St. Jude Medical profit rises

7/18/12 7:48 AM ET (MarketWatch)

NEW YORK (MarketWatch) -- Medical device maker St. Jude Medical Inc. said on Wednesday that its second-quarter profit rose to $244 million, or 88 cents a share, compared to $241 million, or 85 cents a share, a year ago. Revenue at the firm slipped to $1.41 billion, compared to $1.44 billion a year ago. Analysts polled by FactSet Research had expected the company to earn 87 cents a share on revenue of $1.43 billion.