SOURCE: StockCall

StockCall

November 24, 2010 08:22 ET

Research on St. Jude Medical Inc. and Medtronic Inc. -- Medical Appliances and Equipment Sector Hurt by Push Backs

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 24, 2010) -  www.stockcall.com/ offers investors comprehensive research on the medical appliances & equipment industry and has completed analytical research on St. Jude Medical Inc. (NYSE: STJ) and Medtronic Inc. (NYSE: MDT). Register with us today at www.stockcall.com/ to have free access to these researches. 

The Medical Appliances and Equipment sector has been hurt lately by falling prices and stiff competition for medical devices. Implantable heart rhythm devices have been hurt the most, though some companies saw sales increases of 1%. Sales of spinal treatments grew 2% in some parts of the sector. Major legal settlements within the sector have negatively impacted some companies' Q3 results reminding investors that every new device has the potential for a negative impact on revenues. For its recently posted Q3 2010, medical device maker Medtronic Inc. saw its earnings take a 35% dip due to legal chargers. Investors can register for free to access the research report on Medtronic Inc. at www.stockcall.com/MDT241110.pdf.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the medical appliances & equipment industry can have easy and free access to our analyst research and opinions on St. Jude Medical Inc. and Medtronic Inc.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

While the sector is somewhat resistant to downward economic trends due to its essential place in many people's lives, high unemployment and high patient deductibles have motivated many potential customers to put off expensive treatments that they may have otherwise purchased during the recession. While it is believed that these push-backs will only be temporary and hospital spending will return to normal levels in the coming quarters, the short-term macroeconomic environment appears to be pressuring the sector. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

There are several reasons for long-term optimism, however, as the Medical Appliances and Equipment Sector should be well-positioned to benefit from a large generation of aging baby boomers and a projected increase in access to healthcare across the entire globe, especially in the U.S. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the medical appliances & equipment industry.

For the third quarter of 2010, St. Jude Medical Inc. posted a 25% surge in its earnings with a net income growing to $208.4 million. The company saw limited charges for the quarter whilst sales of its medical devices flourished. Revenue was up 7% to $1.24 billion. Investors can register for free to access the research report on St. Jude Medical Inc. at www.stockcall.com/STJ241110.pdf.

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