Boston Scientific (BSX) Reports Strong 3Q Results; Needham & Company Reiterates Buy
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Boston Scientific Announces Results For Third Quarter 2015
October 28, 2015 6:30 AM EDTMARLBOROUGH, Mass., Oct. 28, 2015 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) generated sales of $1.888 billion during the third quarter ended September 30, 2015, compared to the company's guidance range for the quarter of $1.790 to $1.840 billion. This represents 9 percent operational revenue growth (constant currency basis, excluding divested businesses) and an increase of 2 percent on a reported basis, all compared to the prior year period. The company achieved adjusted earnings per share of $0.24 for the period, compared to $0.20 a year ago, and reported a GAAP loss of $198 million, or $(0.15) per share, compared to earnings of $0.03 a... More
