What Drove A Nearly 2x Rise In Boston Scientific's Profits? [Forbes]
Boston Scientific Corporation (BSX)
Last boston scientific corporation earnings: 4/29 06:30 am
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Source: Forbes
background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) (NYSE: BSX) saw its net income expand by $0.9 billion or 145% y-o-y to $1.6 billion in 2023. This can primarily be attributed to an expansion of its operating margin and lower taxes. In this note, we discuss Boston Scientific's margin profile along with its stock performance, over the last three years. Firstly, let us look at Boston Scientific's stock performance. BSX stock has seen extremely strong gains of 115% from levels of $35 in early January 2021 to around $75 now, vs. an increase of about 40% for the S&P 500 over this roughly three-year period. BSX is one of a handful of stocks that have increased their value in each of the last three years, but that still wasn't enough for it to consistently beat the market. Returns for the stock were 18% in 2021, 9% in 2022, and 25% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating th
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BSX
Earnings
- 4/24/24 - Miss
BSX
Sec Filings
- 6/13/24 - Form 11-K
- 6/4/24 - Form 4
- 6/3/24 - Form 4
- BSX's page on the SEC website