Interventional device developer Boston Scientific of Natick, MA, has released financial results for its 2005 fiscal first quarter (end-March 31).
For the period, the firm had net sales of $1.6 billion, up 49% compared with $1.1 billion reported for the first quarter of 2004. Excluding the favorable impact of $26 million in foreign currency fluctuations, net sales were $1.59 billion, an increase of 47%, according to the company.
Reported net income for the quarter, including net special charges of $73 million, rose to $358 million, compared with reported net income of $194 million for the same period last year. The net special charges for the quarter consisted of purchased in-process research and development costs related to the acquisition of Advanced Stent Technologies, Boston Scientific said.
By AuntMinnie.com staff writers
April 20, 2005
Related Reading
Boston Scientific purchases CryoVascular Systems, April 19, 2005
Boston Scientific buys TriVascular, April 18, 2005
Boston Scientific acts to acquire Rubicon, April 15, 2005
Boston Scientific gets FDA approval for Liberté stent, April 14, 2005
Boston Scientific initiates Syntax trial, April 12, 2005
Copyright © 2005 AuntMinnie.com
