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Boston Scientific Corporation Message Board

  • sdenver sdenver Jan 15, 1998 4:32 PM Flag

    Sales

    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)

 
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