Boston Scientific Corporation (NYSE:BSX)’s shares trading up


Dallas, Texas 07/30/2013 (Financialstrend) – For the second quarter of the fiscal year 2013, Boston Scientific Corporation (NYSE:BSX) had reported higher level of net income and profits to boost up the investors to flock to this stock in the recent days of trading. The company had reported significant improvement in the earnings at $130 million or earnings of 10 cents per share, which was significantly higher compared to the net loss made by the company at $2.51 per share for the same quarter of previous year. Such string results reported for the second quarter of fiscal year 2013 had led the company to increase its guidance estimates for the full fiscal year.

The outlook on earnings per share for BSX had been fixed higher at $0.61 to $0.71 per share, compared to the previous estimates at $0.65 to $0.70 per share. The company further expects revenues for the full fiscal year to be at $7.05 to $7.17 billion, compared to the previous estimates at $6.95 billion to $7.15 billion. Shares of the stock had recently been presenting strong bullish trends in the prices owing to such strong results reported for the strong quarter.

The share of Boston Scientific Corporation (NYSE:BSX) was bullish by 0.09% on Monday to close down for the day with $10.97 per share. The company had recorded the trading day low price of $10.76 and high price of $10.99 on Monday. For the last twelve months of trading, the low price of the stock is at $5.00 and high price of the stock is at $11.11 per share. Currently there are 1.34 billion shares of the company outstanding in the market and 92% institutional ownership. The trading volume of the company on Monday was 13.57 million shares and the trading volume over the past 30 days of the company was 18.08 million shares per day. The total market value of the company is 14.69 billion.