logo
Plus   Neg
Share
Email

Boston Scientific Updates FY18 Guidance - Quick Facts

Boston Scientific Corp. (BSX) announced, for fiscal 2018, the company now estimates income on a GAAP basis in a range of $0.90 to $0.94 per share (compared to prior guidance of $0.93 to $0.98 per share) and estimates adjusted earnings in a range of $1.37 to $1.41 per share (compared to prior guidance of $1.35 to $1.39 per share).

The company now estimates revenue for the full year 2018 to be in a range of $9.750 to $9.900 billion (compared to prior guidance of $9.650 to $9.800 billion), which versus the prior year period represents a growth range of approximately 8 to 10 percent on a reported basis and growth of approximately 5 to 7 percent on an organic basis excluding the impact of foreign currency fluctuations and contribution of approximately 40 basis points from Symetis.

Boston Scientific reported firs-quarter adjusted earnings per share of $0.33, compared to $0.29 a year ago. Sales were $2.379 billion during the first quarter ended March 31, 2018. This represents growth of 10.1 percent on a reported basis, 6.2 percent on an operational basis and 5.2 percent on an organic basis, compared to the prior year period.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BHP Billiton plc (BHP.AX, BLT.L, BBL, BHP) reported a profit for the year ended 30 June 2018 that declined 37 percent from last year, reflecting massive write-down on its US onshore oil and gas assets, US tax reform and the ongoing fallout from its Brazilian dam collapse. But, underlying attributable profit increased 33%, supported by 8% Group copper equivalent volume growth. Luxury online marketplace Farfetch has filed for an initial public offering or IPO to list its shares in the U.S. Farfetch has filed a F-1 registration statement with the U.S. Securities and Exchange Commission. The London-based company plans to list its shares on the New York Stock Exchange under the ticker 'FTCH.' Media reports indicate that IPO could value the company at up to $5 billion. Apple Inc. has reportedly removed more than 25,000 illegal apps from its App Store in China after coming under intense criticism from Chinese state media for failing to ban illegal online content on its platform. According to various media reports, the iPhone maker removed these illegal apps as they sold fake lottery tickets and offered gambling services.
Follow RTT