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 story : Boston Scientific tops Q1 estimates and offers upbeat guidance #FinanceUSA #StockMarketNEWS Boston Scientific Corp. shares rose 1.5% in premarket trade Wednesday, after the medical device company

@stockMarketNEWS 16 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Boston Scientific tops Q1 estimates and offers upbeat guidance #FinanceUSA #StockMarketNEWS
Boston Scientific Corp. shares rose 1.5% in premarket trade Wednesday, after the medical device company beat estimates for its first-quarter earnings and offered upbeat guidance. The company said it had net income of 7 million, or 23 cents a share, in the quarter, up from million, or 1 cent a share, in the year-earlier period. Adjusted per-share earnings came to 37 cents, ahead of the 31-cent FactSet consensus. Sales rose to .752 billion from .543 billion a year ago, also ahead of the FactSet consensus of .616 billion. Sales at the company's endoscopy segment rose 12.9% to 9 million, while sales at the urology and pelvic health segment rose 8.7% to 1 million. In the company's medsurg business, sales rose 11.1% to 0 million, while sales at the rhythm and neuro segment rose 6.8% to 0 million. Sales at the company's cardiovascular segment rose 10% to .129 billion. The company is now expecting full-year sales to grow 16% to 19% and for adjusted EPS to range from .53 to .60 a share. For the second quarter, it expects sales to grow 46% to 50% and for adjusted EPS to range from 36 cents to 38 cents. The FactSet consensus is for second-quarter EPS of 35 cents and full-year EPS of .54. Shares have gained 18% in the year to date, while the SPDR S&P Biotech ETF has fallen 1% and the S&P 500 has gained 11.5%.


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