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Boston Scientific Stent Slowdown

Third-quarter sales look light.

Boston Scientific (BSX) - Get Boston Scientific Corporation Report forecast a third-quarter sales shortfall, citing a slowdown in drug-eluting stent sales.

The Natick, Mass., heart device company said it expects to make 15 to 19 cents a share for the quarter ending Sept. 30, excluding certain items. Sales should be around $2 billion.

Analysts surveyed by Thomson Financial were looking for a 16-cent profit on sales of $2.17 billion.

Cardiac rhythm management sales should be around $435 million, including $220 million worth of U.S. implantable cardioverter defibrillator sales. "During the quarter we believe the overall CRM market experienced some contraction, which is reflected in our results," Boston Scientific said.

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The company projected Taxus drug-eluting coronary stent systems sales of around $565 million, including $375 million in the U.S. "During the quarter we have seen some slowdown in the growth in penetration of drug-eluting stents outside the U.S., and some retrenchment in the U.S. drug- eluting stent market," the company said. "However, we believe our U.S. market share remains stable."