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ST. JUDE MEDICAL ANNOUNCES SECOND QUARTER EARNINGS

 ST. JUDE MEDICAL ANNOUNCES SECOND QUARTER EARNINGS
 ST. PAUL, Minn., July 14 /PRNewswire/ -- St. Jude Medical, Inc.


(NASDAQ-NMS: STJM) today reported record second quarter results. Net sales for the quarter ended June 30, 1992 totaled $57,008,000, a 3.5 percent increase over net sales of $55,090,000 for the same period of the prior fiscal year. For the first half of 1992, St. Jude Medical posted net sales of $117,063,000 a 9 percent increase over net sales of $107,376,000 a year ago.
 Net income for the quarter was $24,891,000, or $.52 per share, a 15.5 percent increase over net income of $21,556,000, or $.45 per share, for the same period a year ago. For the six months ended June 30, 1992, net income increased l9.7 percent to $49,945,000, or $1.04 per share, over net income of $4l,738,000, or $.87 per share, last year.
 Lawrence A. Lehmkuhl, President and Chief Executive Officer, said "Our second quarter net sales and net income were at record levels for the period and within the lowered range we had earlier advised the financial community to expect. The fundamentals of the business remain sound. Our solid operating results, strong financial condition and market leadership position make us optimistic about our future prospects."
 St. Jude Medical, Inc., a multinational manufacturer and marketer of the world's most preferred mechanical heart valve with over 400,000 implantations since 1977, serves physicians worldwide with the highest quality products for cardiovascular and vascular care.
 CONSOLIDATED INCOME STATEMENT
 (DATA IN THOUSANDS EXCEPT EPS)
 Three Months Ended
 June 30
 1992 1991
 Net Sales $57,008 $55,090
 Cost of Sales 14,212 16,874
 Gross Profit 42,796 38,216
 Operating Expenses
 Sales, General & Administrative 10,272 9,621
 Research & Development 2,843 2,040
 Total Operating Expenses 13,115 11,661
 Operating Profit 29,681 26,555
 Other Income 3,730 2,773
 Income Before Taxes 33,411 29,328
 Income Tax Provision 8,520 7,772
 Net Income $24,891 $21,556
 Earnings per common share $.52 $.45
 Dividends per common share $.10 $.00
 Primary shares outstanding 47,977 48,042
 Six Months Ended
 June 30
 1992 1991
 Net Sales $117,063 $107,376
 Cost of Sales 30,094 32,003
 Gross Profit 86,969 75,373
 Operating Expenses
 Sales, General & Administrative 21,954 20,284
 Research & Development 4,938 3,927
 Total Operating Expenses 26,892 24,211
 Operating Profit 60,077 51,162
 Other Income 6,963 5,625
 Income Before Taxes 67,040 56,787
 Income Tax Provision 17,095 15,049
 Net Income $49,945 $41,738
 Earnings per common share $1.04 $.87
 Dividends per common share $ .10 $.00
 Primary shares outstanding 48,025 48,031
 -0- 7/15/92
 /CONTACT: Steve Schuster, 612-481-7773 or Steve Wilson, 612-481-7542, both of St. Jude Medical/
 (STJM) CO: St. Jude Medical. Inc. ST: Minnesota IN: MTC SU: ERN


KH -- MN023 -- 9747 07/15/92 17:13 EDT
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Date:Jul 15, 1992
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