logo
Plus   Neg
Share
Email

Boston Scientific Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Boston Scientific Corp. (BSX) raised its adjusted earnings and revenue growth guidance for the full-year 2019 and also provided outlook for the fourth quarter.

For fiscal 2019, the company now projects earnings in a range of $0.72 to $0.75 per share and adjusted earnings in a range of $1.55 to $1.58 per share on revenue growth in a range of about 9 to 9.5 percent and organic revenue growth of about 7.5 percent.

Previously, the company expected earnings in the range of $0.94 to $0.98 per share and adjusted earnings in the range of $1.54 to $1.58 per share on revenue growth in the range of about 7 to 8 percent and organic revenue growth in a range of 7 to 8 percent.

On average, analysts polled by Thomson Reuters expect earnings of $1.56 per share on revenue growth of 8.9 percent to $10.70 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company estimates earnings in a range of $0.22 to $0.25 per share and adjusted earnings, excluding certain charges (credits), in a range of $0.42 to $0.45 per share. It anticipates revenue growth of about 13 to 15 percent and organic revenue growth of about 8 to 9 percent.

Analysts expect earnings of $0.44 per share on revenue growth of 10.6 percent to $2.91 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kylie Cosmetics and Kylie Skin is set for a growth after the cosmetics company launched by Kylie Jenner in 2015 sold a major majority stake to beauty conglomerate Coty for $600 million. Jenner, who has been maintaining the full ownership of the company since its launch, sold 51 percent stake in Kylie... FedEx Corp. Chairman and CEO Fred Smith issued a challenge to the New York Times for publishing a "distorted and factually incorrect" story regarding corporate tax payments by the package delivery giant. The New York Times reported on Sunday that FedEx had made a major push for a reduction in corporate taxes when Donald Trump won the presidential election. A new study showed that foot traffic at Starbucks stores declined after the coffee giant changed to an 'open bathroom' policy. According to the study, store attendance per month at Starbuck stores declined 6.8 percent, relative to nearby restaurants and cafes, after the company made changes to its bathroom policy. In May 2018, Starbucks announced a new bathroom policy.
Follow RTT
>