Boston Scientific raises 2025 profit forecast on strong heart device sales
Bengaluru:
Boston Scientific
raised its annual profit forecast after strong sales of its heart devices helped beat Wall Street expectations for
first-quarter profit
.
Shares of the medical device maker soared nearly 10 per cent in premarket trading, as the raised forecast alleviated investor concerns about the impact of U.S. President Donald Trump's sweeping tariffs, particularly on China.
The revised forecast came in "much better than expected even after reflecting tariffs", J.P.Morgan analyst Robbie Marcus wrote in a client note.
Boston Scientific raised its forecast for 2025 adjusted earnings per share to a range of $2.87 to $2.94 from between $2.80 and $2.87 per share earlier.
Medical devices manufacturers have benefited from elevated demand for
non-urgent surgical procedures
in the U.S., especially among older adults, since the second half of 2023.
The trend is expected to continue this year, after health insurance giant UnitedHealth Group
lowered its annual outlook last week, citing sustained high demand for medical care.
On Wednesday, Boston Scientific projected an annual revenue growth of 15% to 17% from last year.
The company's first-quarter revenue rose 20.9% to $4.66 billion, above estimates of $4.57 billion, according to data compiled by LSEG.
Sales at its
cardiovascular unit
, which sells
Watchman devices
for stroke prevention, rose 26.2% to $3.08 billion, beating analysts' estimates of $2.97 billion.
The Massachusetts-based company's key growth drivers are heart devices, including Watchman, and Farapulse, which uses short high-voltage pulses to treat certain abnormal heart rhythm conditions.
In the first quarter, it earned 75 cents on an adjusted basis, topping estimates of 67 cents.
Separately, the medical device maker said its finance chief Dan Brennan would retire by June-end after 30 years with the company.
Jon Monson, who is currently senior vice president of investor relations, will succeed Brennan, the company said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
16 minutes ago
- The Hindu
Andhra Pradesh Government invites Kitex Garments to invest in State's textile sector
A delegation from Andhra Pradesh government led by S. Savitha, Minister of Handlooms & Textiles, visited Kitex Group Garments' headquarters at Kizhakkambalam near here on Saturday (June 7, 2025). Ms. Savitha, in a press meet soon after the visit, invited the Kitex Group to invest in Andhra Pradesh and lead the textile sector's expansion in the State. Sabu M. Jacob, chairman and managing director of Kitex Garments, received the delegation. I have come as per the instruction of the Chief Minister of Andhra Pradesh, Chandrababu Naidu. Andhra Pradesh offers robust textile infrastructure with dedicated parks, integrated apparel clusters, abundant land and labour, cotton availability, and excellent port and road connectivity. Through its current expansion in Telangana, Kitex is becoming the number one player in the apparel segment. That is why I am here to invite Kitex to invest in Andhra Pradesh and lead the textile sector's expansion in the state, she said. 'Andhra Pradesh is ushering in several forward-looking developments in the textile sector. To be part of this growth story, we are inviting globally acclaimed companies with a proven track record—like Kitex—to invest in the state. Our vision is to create large-scale employment and build Andhra Pradesh into a global textile hub. We will update on further developments after a direct meeting with the Chief Minister,' Ms. Savitha said. If the investment proposal materialises, it will be the company's second biggest investment outside Kerala after Telangana. The Kitex Group has invested ₹3,600 crores in its expansion in Telangana, providing employment to over 50,000 people and expected to consume 15% of Telangana's cotton production, a statement issued by the company here said. The Kochi-based company has invested in two units — one near Hyderabad and another in Warangal - in Telengana. They are expected to be fully commissioned later this year. The Telangana plants would produce 24 lakh units per day, while the KITEX Kizhakkambalam unit near Kochi would produce 11 lakh units a day. The unit near here had around 9,000 people working in production units, down from the earlier 11,000. The company had invested around ₹1,000 crore in the unit here over the last 30 years. KITEX had not made any fresh investments in Kerala over the last 10 years, Mr. Jacob had said while announcing the progress of his investments in Telangana earlier this year. Mr. Jacob had a showdown with the Kerala Government following which he switched his investment destination to Telangana a few years back.
India.com
31 minutes ago
- India.com
Mukesh Ambani and Nita Ambani's daughter Isha Ambani did not start her career at Reliance, she worked for...., her salary was...
Isha Ambani with parents Mukesh Ambani and Nita Ambani. (File) Isha Ambani, the daughter of Mukesh Ambani and Nita Ambani, has emerged as a successful young businesswoman in recent years, transforming Reliance Retail– the retail arm of Reliance Industries– into India's largest retailer which has partnerships with major international brands such as Versace, Amiri, Armani, and Balenciaga. But did you know that Isha Ambani did not start her professional career at Reliance Industries. Yes, despite being the heiress to India's most valued company, Isha chose to work for a New York-based company after completing her studies. Isha Ambani worked for this company Prior to joining her father's expansive oil-to-telecom conglomerate, Isha Ambani briefly worked as a business analyst at McKinsey & Company, a US-based multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. In 2014, Isha Ambani, then 22, earned her bachelor's degree in psychology and South Asian studies from the prestigious Yale University, and joined Mckinsey & Company as a business analyst. According to industry insiders, the move was aimed to groom Isha for a future leadership role at Reliance. The prophecy was fulfilled as Isha Ambani, following a brief stint at Mckinsey, joined the her father's expansive oil-to-telecom conglomerate, and currently heads Reliance Retail, a subsidiary of Reliance Industries. Isha Ambani salary While there is no publicly available information about Isha Ambani's salary at McKinsey & Company, its believed that she may have received some 'token amount', as the stint was primarily meant to groom her for a future role at Reliance. Isha Ambani net worth According to various reports, Isha Ambani owns assets worth Rs 800 crore and has an annual income of Rs 4.2 crore. Isha Ambani career Isha Ambani, the only daughter of Asia's richest man Mukesh Ambani, runs Reliance Retail, India's largest retailer which is a partner brand of major international brands such as Versace, Amiri, Armani, and Balenciaga, bringing reputed international brands, into the Indian market. Under Isha's leadership, Reliance Retail, which has an estimated value of around Rs 8.3 lakh crores, has witnessed exponential growth in a short period of time, opening 3,300 stores across the country in 2023. Apart from serving as the Managing Director of Reliance Retail Ventures Limited, the 33-year-old also sits on the board of several Reliance Industries companies, including Reliance Retail Ventures, Reliance Jio Intercomm, and the Reliance Foundation. Additionally, Isha Ambani is also the co-founder of the Tira Beauty platform and serves as its Executive Director.
Indian Express
33 minutes ago
- Indian Express
Saumya Tandon shares habits that changed her life: ‘Sone se ek ghanta pehle…'
Saumya Tandon, a popular actor and television presenter, often uses her social media to share snippets of her life. In a recent Instagram post, she shared a quick recap of 5 healthy habits that, she claims, have changed her life for the better. Listing them in the video, she also encouraged her viewers to share their life-changing habits in the comments below. '5 habits that changed my life, which I'm very proud of. Share yours too,' she is heard saying in the video. 'Leave sugar, honey, jaggery. Koi zaroorat nahi hai, no health benefits,' the Bhabiji Ghar Par Hain! actor said. Dr Rajiv Kovil, head of diabetology at Zandra Healthcare and co-founder of Rang De Neela Initiative, called sugar the biggest addiction in the world. 'Within days of quitting, your blood sugar stabilises, reducing energy crashes and sugar cravings. Insulin spikes decrease, promoting fat burn and better energy levels,' he said, adding that energy remains stable, and mood swings reduce. Many people report feeling more alert and focused. Cutting sugar can significantly reduce inflammation, easing joint pain and improving skin conditions like acne, added Dr Kovil. According to Kanikka Malhotra, a clinical nutritionist and diabetes educator, if overloaded, excess sugar gets converted into fat and stored throughout the body. She said this can contribute to weight gain and increase your risk of developing chronic health problems like heart disease, type 2 diabetes, and some cancers. Don't workout for six months and let it go; be consistent in your approach. 'Most importantly, lift weights. Women, especially should do so,' she said. According to Dr Anup Khatri, senior consultant, orthopedics, Gleneagles Hospital, Parel, Mumbai, staying physically active can help improve muscle strength and boost endurance. High-intense activities like sprinting can help build muscle, increase stamina, and also improve cardiovascular health. 'Sprinting can also help in burning calories and easily lose weight, especially fat from the body,' he said, adding that consistency is key. According to him, it is important to maintain a consistent workout regime for better results as taking frequent breaks can disrupt the entire process, making your muscles shrink back to their natural form. 'Koi idea aaya hai, kuch life mein karna chahte ho, koi vision hai…likh lo. It just clears up your mind,' the actor suggested. Dr Rimpa Sarkar, psychologist and founder of Sentier Wellness, told that writing your thoughts and goals signals to your subconscious that these things in life matter, keeping you motivated. It also activates the reticular activating system (RAS) in the brain, making you more aware of relevant opportunities. '10 page padhlo, 20 page padhlo. It broadens your horizons and improves your personality. There is so much more to talk to everybody about when you read,' was Tandon's precious advice. Delhi-based psychiatrist Dr Uma Naidoo shared that reading has various mental health benefits, and pleasure reading can be utilised to help you relax and take a break from the hustle and bustle of everyday life. Reading is associated with increased focus, and also helps strengthen your cognitive ability. 'You will experience improved quality of sleep after reading, which is also linked to empathy development. It can be used as an escape as well as a tool to increase your attention span, and increase your knowledge,' she added. 'Keep your gadgets, social media, phone out of your bedroom. Sone se ek ghanta pehle, chhodh do sab kuch. Connect with your loved ones, read something, have meaningful conversations,' added Tandon. Dr Shaunak Ajinkya, consultant, psychiatrist, Kokilaben Dhirubhai Ambani Hospital Mumbai, shared that excessively using smartphone devices at night can lead to struggle with falling asleep or restless nights. This can be attributed to the blue light emitted by phone screens, which is known to disrupt melatonin production and interfere with the body's natural sleep cycle, he said. DISCLAIMER: This article is based on information from the public domain and/or the experts we spoke to. Always consult your health practitioner before starting any routine.
