What Happened?
Shares of medical device company Boston Scientific (NYSE:BSX) jumped 4.4% in the morning session after the company reported strong third-quarter results that topped Wall Street's forecasts and raised its full-year financial outlook.
The medical device maker announced sales of $5.07 billion for the quarter, a 20.3% increase from the previous year, which was ahead of the $4.97 billion analysts had expected. Adjusted earnings per share came in at $0.75, also beating the consensus estimate of $0.71. The solid performance was supported by robust organic revenue growth of 15.3%, which also surpassed expectations. Following these strong results, Boston Scientific raised its full-year adjusted earnings guidance to a range of $3.02 to $3.04 per share.
After the initial pop the shares cooled down to $104.57, up 4.7% from previous close.
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What Is The Market Telling Us
Boston Scientific’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 6 months ago when the stock gained 8.5% on the news that the company reported first quarter 2025 results that beat analysts' sales and EPS expectations. Organic sales growth topped the company's own forecast and was led by a 25.6% surge in its Cardiovascular segment, a signal that demand in its largest business is accelerating. Looking ahead, its revenue guidance for next quarter exceeded Wall Street's estimates. Overall, we think this was a decent quarter with some key metrics above expectations.
Boston Scientific is up 17% since the beginning of the year, and at $104.57 per share, it is trading close to its 52-week high of $108.14 from September 2025. Investors who bought $1,000 worth of Boston Scientific’s shares 5 years ago would now be looking at an investment worth $2,837.
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