Please do not leave this page until complete. This can take a few moments.
Boston Scientific, lifted by growth in cardiac-treatment devices, reported a 4-percent jump in operational revenue for the first quarter along with net profits of $133 million, rebounding from a $454 million loss in the first quarter of 2013.
The Natick-based medical device manufacturer also predicts 3 to 5 percent annual growth in operations for the year, within a range of $7.3 billion to $7.5 billion, Boston Scientific (BSX) said in its quarterly report filed with the U.S. Securities and Exchange Commission.
BSX is capping off a month that included two notable announcements: federal approval of its newest defibrillators and heart failure devices, and the expansion of its implantable defibrillator into parts of Asia.
The company’s financial report touted BSX’s international business. It reported 22-percent growth in emerging markets, representing 9 percent of all sales.
“Our international business performed very well in the quarter as we continued to diversify geographically,” President and CEO Mike Mahoney said in a statement.
More specifically, BSX cited revenue growth of 2.6 percent for its defibrillator line and 1.6 percent for its heart catheters.
The net income of $133 million amounted to 10 cents per share, compared with a 26-cents-per-share loss in the same quarter last year.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments