Earnings to watch: Boston Scientific (BSX) reports Q3 results tomorrow
Medical device company Boston Scientific NYSE:BSXwill be reporting results this Wednesday before market open. Here’s what to look for.Boston Scientific beat analysts’ revenue expectations last quarter, reporting revenues of $5.44 billion, up 7.5% year on year. It was a softer quarter for the compan… Medical device company Boston Scientific (BSX) is set to report its Q3 results, which are expected to be released before market open. Last quarter, the company reported revenues of $5.44 billion, up 7.5% year on year, beating analysts' expectations. However, guidance for the next quarter missed analysts’ expectations and the full-year EPS guidance estimates. The market is expecting Boston Scientific's revenue to be flat year on-year, slowing from the 20.3% increase the same quarter last year. Looking at peers in the healthcare equipment and supplies segment, some of these companies have already reported their Q3 figures, giving us a hint as to what to expect. There has been positive sentiment among investors in the sector, with share prices up 3.1% over the last month and an average analyst price target of $57.82.
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Medical device company Boston Scientific BSXwill be reporting results this Wednesday before market open. Here’s what to look for.
Boston Scientific beat analysts’ revenue expectations last quarter, r... [2276 symbols]
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