Abbott Labs, St. Jude Lurch On Muddy Waters Tussle Despite Q3 Sales Beats

St. Jude Medical (STJ) stock dipped a fraction early Wednesday after the medical device-maker reported Q3 earnings that narrowly missed views amid an ongoing security tussle with short-seller Muddy Waters.

Meanwhile, shares of Abbott Laboratories (ABT) -- which is in the process of acquiring St. Jude — toppled despite a breezy Q3 beat. Quarterly growth in medical device sales more than offset a decline in Abbott's nutrition unit.

IBD'S TAKE: Medical stocks are suffering amid a volatile...

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