Shockwave Medical Inc (SWAV)

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Boston Scientific lifts annual profit forecast on heart devices strength
BY Reuters
— 8:19 AM ET 04/26/2023
April 26 (Reuters) - Boston Scientific Corp (BSX) raised its full-year profit forecast on Wednesday, after strong sales in its cardiovascular devices unit helped the company beat first-quarter estimates.
As the pandemic-induced staffing shortages ease, hospital operators have begun to see a much-awaited recovery in elective surgeries, boosting the demand for medical devices, such as the pacemakers, stents and catheters the company makes.
While analysts were expecting good results stemming from a recovery in medical procedures and product momentum, "this result well exceeded our expectations", J.P.Morgan analyst Robbie Marcus wrote in a note.

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