St. Jude kept at peer perform by Bear Stearns

St. Jude Medical, Inc. was maintained at a peer perform rating by Bear Stearns analyst Rick Wise on disappointing first-quarter 2006 preliminary sales results of $784 million, roughly 5% below the analyst's estimate of $825 million and consensus estimate $828 million. Pre-announced first-quarter 2006 post-option earnings per share were $0.35-0.36, compared to Bear Stearns' estimate of $0.38, and consensus of $0.39. Shares of the St. Paul, Minn., medical device company were down $5.05, or 12.23%, at $36.25 on volume of 51,659,400 shares versus the three-month running average of 2,827,970 shares. (NYSE: STJ)

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