24.04.2024 12:33:34 - dpa-AFX: Boston Scientific Corp Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Boston Scientific Corp (BSX) revealed a profit for
its first quarter that increased from the same period last year and beat the
Street estimates.
The company's earnings totaled $495 million, or $0.33 per share. This compares
with $300 million, or $0.21 per share, in last year's first quarter.
Excluding items, Boston Scientific Corp reported adjusted earnings of $832
million or $0.56 per share for the period.
Analysts on average had expected the company to earn $0.51 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 13.9% to $3.86 billion from $3.39
billion last year.
Boston Scientific Corp earnings at a glance (GAAP) :
-Earnings (Q1): $495 Mln. vs. $300 Mln. last year.
-EPS (Q1): $0.33 vs. $0.21 last year.
-Revenue (Q1): $3.86 Bln vs. $3.39 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.57 to $0.59
Full year EPS guidance: $2.29 to $2.34
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