Boston Scientific Stock Gains 3% After Earnings Beat and Upbeat Guidance

Dow Jones01-31

Boston Scientific Corp.’s stock gained 3.2% early Wednesday, after it beat estimates for the fourth quarter and offered upbeat guidance for 2024.

The Marlborough, Mass.-based medical technology company posted net income of $504 million, or 34 cents a share, for the quarter, up from $126 million, or 9 cents a share, in the year-earlier period. Excluding special items, the company had EPS of 55 cents, ahead of the 51 cent FactSet consensus. Sales rose 14.9% to $3.725 billion, well ahead of the $3.593 billion FactSet consensus.

The company is now expecting net sales to rise 8.5% to 9.5% in 2024. It expects EPS of $1.38 to $1.42 and adjusted EPS of $2.23 to $2.27. The FactSet consensus is for sales to rise 8% and for EPS of $2.24.

The stock has gained 33% in the last 12 months, while the S&P 500 has gained 20.8%.

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The Marlborough, Mass.-based medical technology ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSX","symbol_name":"波士顿科学","start_time":0,"source_url":"","article_id":"1169251358","we_media_id":"1012688067","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169251358","pubTimestamp":1706701892,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Boston Scientific Corp.’s stock gained 3.2% early Wednesday, after it beat estimates for the fourth quarter and offered upbeat guidance for 2024. 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