Boston Scientific Q2 sales hit $2.25B — 4 insights

Boston Scientific reported second quarter fiscal year 2017 sales of $2.25 billion on July 27.

Advertisement

Here’s what you should know:

1. The company reported a 6 percent growth in year-over-year sales.

2. Boston Scientific posted net generally accepted accounting principle earnings of $146 million or $0.11 per share. In fiscal year 2016, Boston Scientific lost $207 million or -$0.15 per share.

3. Boston Scientific’s notable acquisitions included EndoChoice and Symetis SA during the second quarter.

4. Concerning rest-of-year outlooks, Boston Scientific expects net revenues between $8.89 billion to $8.99 billion, which is a slight increase from the beginning of year estimate of $8.8 billion to $8.9 billion.

More articles on gastroenterology:
Olympus to pay $6.6M in duodenoscope-related damages — 6 key takeaways
Boston Scientific continues to pour money into endoscopy — Why?
Staying relevant — Dr. Larry Kosinski on the future of GI in ASCs

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in GI & Endoscopy

  • CapsoVision has received FDA clearance for AI Highlights, an artificial intelligence-assisted reading tool for its CapsoCam Plus capsule endoscopy system,…

  • Gastroenterology practices are hiring more advanced practice providers to cover the growing physician shortage, but many can’t keep them, according…

  • Patients who had an appendectomy for acute appendicitis had a 58% lower relative risk of a later colorectal cancer diagnosis…

Advertisement

Comments are closed.