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.
