Boston reported second-quarter results that included revenue of $5.44 billion (up 7% operationally) and net income of $905 million (up 14% year over year), along with a lower outlook for the full year.
Boston remains one of the top players when it comes to intellectual property in medtech, which bodes well for its ability to innovate enough to keep up with rivals.
Bears
Boston's coronary stent business is less moaty than its cardiac rhythm management segment.
Boston Scientific focuses on less invasive medical devices that are inserted into the human body through small openings or cuts. It manufactures products for use in angioplasty, blood clot filtration, kidney stone management, cardiac rhythm management, catheter-directed ultrasound imaging, upper gastrointestinal tract diagnostics, interventional oncology, neuromodulation for chronic pain, and treatment of incontinence. The firm markets its devices to healthcare professionals and institutions globally. Foreign sales account for roughly 36% of the firm's total sales.