UPDATE 1-Boston Scientific hikes revenue forecast, boosted by acquisitions [Reuters]
Boston Scientific Corporation (BSX)
Last boston scientific corporation earnings: 4/29 06:30 am
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Source: Reuters
UPDATE 1-Boston Scientific hikes revenue forecast, boosted by acquisitions | Reuters Reuters Staff 2 Min Read (Adds details on acquisitions, revenue forecast) Oct 26 (Reuters) - U.S. medical device maker Boston Scientific Corp on Thursday hiked its annual revenue forecast, driven by recent acquisitions. The company raised its 2017 revenue forecast to $8.99 billion to $9.02 billion, from $8.89 billion to $8.99 billion. While its heart devices business contributes the bulk of Boston Scientific’s revenue, the company has been making acquisitions to strengthen other parts of its portfolio, buying Apama Medical Inc and Symetis SA in recent months and EndoChoice Holdings Inc last year. The higher forecast came alongside strong third-quarter net sales at the Marlborough, Massachusetts-based company, driven by growth across all its existing businesses. Net sales rose 5.6 percent to $2.22 billion in the quarter, edging past analysts’ average estimate of $2.21 billion, according to Thomson Reut
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