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Boston Scientific Corp Q3 adjusted earnings Beat Estimates

(RTTNews) - Boston Scientific Corp (BSX) announced a profit for third quarter that decreased from the same period last year.

The company's bottom line came in at $126 million, or $0.09 per share. This compares with $432 million, or $0.31 per share, in last year's third quarter.

Excluding items, Boston Scientific Corp reported adjusted earnings of $550 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $2.71 billion from $2.39 billion last year.

Boston Scientific Corp earnings at a glance:

-Earnings (Q3): $550 Mln. vs. $485 Mln. last year. -EPS (Q3): $0.39 vs. $0.35 last year. -Analysts Estimate: $0.38 -Revenue (Q3): $2.71 Bln vs. $2.39 Bln last year.

-Guidance: Next quarter EPS guidance: $0.42 to $0.45 Full year EPS guidance: $1.55 to $1.58

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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