Boston Scientific: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 06:42 AM ET
Last Updated - May 27, 2024, 01:08 AM EDT
MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — Boston Scientific Corp. (BSX) on Wednesday reported first-quarter profit of $495 million.
On a per-share basis, the Marlborough, Massachusetts-based company said it had profit of 33 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 56 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The medical device manufacturer posted revenue of $3.86 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $3.68 billion.
