Boston Scientific profits $555M in Q2
Courtesy | Boston Scientific
Boston Scientific's headquarters are located in Marlborough.
Marlborough medical device giant Boston Scientific reported a $555 million profit and nearly $2.5 billion in sales for the second quarter, near the top end of the company’s guidance range.
Earnings per share for the quarter were 40 cents compared to 11 cents per share in last year’s second quarter.
The company’s second-quarter sales number represents a 10.3-percent increase over sales figures for the same period last year, and its net income represents a 280-percent bump from the same period.
The company’s sales and profit numbers are up for the year, with sales rising about 9.3 percent to $4.87 billion and profit shooting up 95.6 percent to $853 million.
In a statement, Chairman and CEO Mike Mahoney credited growth to the company’s diversified portfolio of healthcare devices.
"We're committed to advancing science for life, and we're excited about the ways our differentiated pipeline will continue to drive our growth and impact on patients, physicians and hospital systems,” Mahoney said.
Boston Scientific grew all three of its main business units by at least 10 percent, and sales in four of the company’s geographical areas increased by at least 7.6 percent.
The company is expecting full-year revenue to come in around $9.8 billion, which could represent as much as a 9-percent improvement over last year.
WBJ Web Partners
Most Recent
Most Recent
0 Comments