Boston Scientific Corporation (BSX) Reports $0.50 Adjusted EPS, $3.73B Revenue for Q3

Boston Scientific Corporation (BSX) has demonstrated a robust performance in the third quarter of 2023, underpinned by significant growth across its various segments. The company reported net sales of $3.527 billion, marking an 11.2% increase compared to the same period last year. This growth is even more pronounced on an operational and organic basis, with figures of 11.1% and 10.2%, respectively.

BSX Reports $0.50 EPS and $3.73B in Revenue for Fiscal Q3

Earnings per share (EPS) also showed a positive trend, with a reported EPS of $0.34, significantly higher than the $0.12 in Q3 2022. Adjusted EPS was $0.50, compared to $0.43 in the prior year, reflecting the company’s effective management and strategic initiatives.

Boston Scientific’s performance this quarter has exceeded the market expectations set for them. Analysts had anticipated an EPS of $0.51 and revenue of $3.6 billion. However, the company reported an adjusted EPS of $0.50 and revenue of $3.73 billion. While slightly below the expected EPS, the company’s revenue aligns closely with forecasts.

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Guidance

Boston Scientific has issued optimistic guidance for the fourth quarter of 2023, setting high expectations for continued growth. The company forecasts reported net sales growth between 9% and 11% and an adjusted EPS range of $0.49 to $0.52.

These projections indicate confidence in sustained momentum and operational efficiency. For the full year of 2023, the guidance includes an expected reported net sales growth of around 11% and an adjusted EPS of $1.99 to $2.02. This forward-looking outlook underscores the company’s strategic initiatives and its commitment to delivering value to its stakeholders.

Disclaimer: The author does not hold or have a position in any securities discussed in the article.