logo
Plus   Neg
Share
Email
Comment

Boston Scientific Lifts 2017 Adj. EPS View

Boston Scientific Corp. (BSX) now estimates revenue for the full year 2017 to be in a range of $8.890 billion to $8.990 billion, compared to prior guidance of $8.800 to $8.900 billion. It represents a growth range of approximately 6 to 7 percent on a reported basis and a growth range of approximately 6 to 8 percent on an operational basis including contribution of approximately 120 basis points from EndoChoice and Symetis.

For 2017, the company now estimates income on a GAAP basis in a range of $0.70 to $0.74 per sharem compared to prior guidance of $0.81 to $0.86 per share.

The company now estimates adjusted earnings, excluding acquisition-related net charges, restructuring and restructuring-related net charges, litigation-related net charges, certain investment impairment charges and amortization expense, in a range of $1.23 to $1.27 per share for 2017, compared to prior guidance of $1.22 to $1.26 per share.

Analysts polled by Thomson Reuters expect the company to report earnings of $1.25 per share and revenues of $8.88 billion for 2017. Analysts' estimates typically exclude special items.

The company estimates sales for the third quarter of 2017 to be in a range of $2.180 billion to $2.210 billion, which versus the prior year period represents a growth range of approximately 4 to 5 percent on a reported basis and a growth range of approximately 5 to 6 percent on an operational basis including contribution of approximately 140 basis points from EndoChoice and Symetis.

For the third quarter of 2017, the company estimates earnings on a GAAP basis in a range of $0.16 to $0.18 per share. Adjusted earnings, excluding acquisition-related net charges, restructuring and restructuring-related net charges and amortization expense, are estimated in a range of $0.29 to $0.31 per share.

Analysts expect the company to report earnings of $0.31 per share and revenues of $2.19 billion for the third-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Lucky Charms' new marshmallow - the magical unicorn is ready to attract kids and cereal lovers. This is the first marshmallow to be introduced in the last ten years. Walmart Inc. (WMT) reported fourth-quarter adjusted profit per share of $1.33 compared to $1.30, prior year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items. The company said... Shares of BHP Billiton plc were losing around 4 percent in the morning trading in London after the Anglo-Australian mining giant reported Tuesday sharply lower profit in its first half on US tax charge, despite higher revenues. Further, the company announced higher dividend, but trimmed its forecast for Group copper equivalent volume growth for fiscal 2018.
comments powered by Disqus
Follow RTT