FX.co ★ Boston Scientific Corp Announces Rise In Q4 Bottom Line

Boston Scientific Corporation (BSX) has seen an increase in profits for its fourth quarter compared to the same period last year. The company's net income amounted to $504 million, equating to $0.34 per share. This is a significant increase from the previous year's fourth-quarter figures, which came to $126 million or $0.09 per share.

When considering certain exclusions, Boston Scientific Corporation noted that its adjusted earnings for this period were $817 million, or $0.55 per share.

There was also a 15.1% rise in revenue for the quarter, increasing to $3.73 billion, up from $3.24 billion the previous year.

A quick summary of Boston Scientific Corporation's earnings (using GAAP) includes:

- A Q4 earning of $504 million, up from $126 million the previous year.

- A per-share earning for Q4 of $0.34, up from $0.09 the previous year.

- A Q4 revenue of $3.73 billion, up from $3.24 billion the previous year.

Looking ahead, the company's earnings per share for the next quarter are expected to be between $0.50 to $0.52.