Movement Alert|Boston Scientific Rises 3.29% Overnight, Q2 Earnings Beat and Restructuring Plan Sustain Recovery Momentum

Market Focus09:59

On August 14, Boston Scientific rose 3.29% overnight, trading at $53.39/share, with turnover of $610,400.

On the news front, the company previously reported Q2 adjusted EPS of $0.86, exceeding the market consensus of $0.83, while net sales of $5.44 billion also topped the $5.36 billion estimate. Additionally, Boston Scientific disclosed a global restructuring program expected to incur $700 million to $800 million in pre-tax charges, targeting approximately $500 million in annualized pre-tax cost savings through supply chain optimization and headcount reduction, with substantial completion expected by end of 2029. The company plans to reinvest a substantial portion of savings into growth initiatives. Despite lowering full-year adjusted EPS guidance to $3.28-$3.32 versus the $3.36 consensus, driven by Watchman device slowdown and electrophysiology competition, multiple institutions including Deutsche Bank and RBC maintained buy ratings with adjusted price targets. The current share price continues its post-earnings recovery trajectory.

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