Boston released this after the bell. I think the street was looking for 15-17& growth so we wil see what happens. I bet the stock will go down even though this is enviable growth.
Boston Scientific 4Q Sales $493M Vs $433M >BSX
Boston Scientific Sales-2:Revs Hurt By Foreign Exchange Rate
NATICK, Mass. (Dow Jones)--Boston Scientific Corp. (BSX) Thursday said sales
rose 14% in the fourth quarter to $493 million from $433 million a year ago.
In a press release, the company said foreign currency exchange rates hurt
the company's revenues in the quarter. If this impact was excluded, sales
would have risen 19%.
Sales for full-year 1997 totaled $1.872 billion, up 21% from $1.551 billion
in 1996. If the negative impact of foreign exchange rates was excluded, sales
would have increased 26%.
The company will release its full financial results in February.
Boston Scientific makes medical devices.
(END) DOW JONES NEWS 01-15-98
05:16 PM
Additional Codes (P/DEU, P/DHC, R/MA, R/NME, R/US, R/USE)