Oct 22 (Reuters) - Boston Scientific ( BSX ) raised its
annual profit forecast on Wednesday, after the medical device
maker beat third-quarter profit estimates on strong demand for
its heart devices.
The company, which generates most of its revenue from heart
devices such as pacemakers and stents, has benefited from rising
demand for surgical procedures, helping offset broader concerns
over healthcare spending.
Larger rival Johnson & Johnson ( JNJ ) last week also
reported a 6.8% rise in quarterly medical devices sales.
Boston Scientific ( BSX ), last week, said it will buy the remaining
equity in privately held Nalu Medical for about $533 million in
cash, expanding its portfolio of treatments for chronic pain.
Boston Scientific ( BSX ), which also makes equipment for
gastrointestinal and pulmonary treatments, expects 2025 adjusted
profit per share to be between $3.02 and $3.04, compared to its
prior range of $2.95 to $2.99.
It said last quarter that the company anticipates a
full-year tariff headwind of about $100 million, down from $200
million it expected earlier.
The company expects fourth-quarter adjusted profit per share
to be between 77 cents and 79 cents compared to analysts'
estimate of 76 cents per share, according to data compiled by
LSEG.
The Massachusetts-based company posted third-quarter
adjusted profit of 75 cents per share, above estimates of 71
cents per share.
Its quarterly revenue came in at $5.07 billion, topping
expectations of $4.97 billion.
The company's cardiovascular unit posted quarterly sales of
$3.34 billion, beating estimates of $3.27 billion.