Boston Scientific Corporation (NYSE:BSX) shares are trading higher on Wednesday after the company reported better-than-expected first-quarter earnings and issued guidance. The company generated first-quarter revenues of $3.86 billion, beating the consensus estimate of $3.69 billion. Sales soared 13.8% year-over-year on a reported basis, 15% on an operational basis, and 13.1% on an organic basis, beating the management guidance of approximately 7.5%-9.5% on a reported basis and approximately 7%-9
Barring Neuromodulation, organic and operational revenues at Boston Scientific's (BSX) core business segments rise in the first quarter.
FEATURE Shares of Boston Scientific were trading higher after the medical-device company topped quarterly estimates and issued strong guidance. For its first quarter, Boston Scientific reported adjusted earnings per share of 56 cents, higher than the 51 cents Wall Street had expected, according to FactSet.