NYSE:BSXMedical Equipment
Boston Scientific (BSX) Stock Ignores Margin Strength As Growth Outlook Softens
Boston Scientific stock barely flinched after earnings, slipping only 0.1% and leaving shares roughly flat over the past week and month despite a sharp 18.6% decline over the last 90 days. The market is treating this quarter as business as usual. The numbers suggest something more important is happening inside the income statement.
The core story this quarter is margins. Adjusted gross margin reached 70.3% and adjusted operating margin hit 28.4%, both higher than a year ago, while trailing...