Is This the Start of Boston Scientific's Bounce Back?
Aug 23rd 2013 10:50AM
Updated Aug 23rd 2013 10:56AM
Medical device maker Boston Scientific has been a shocking success this year for investors, as its stock has jumped more than 80% year-to-date. Those are gains any investor can appreciate, but Boston's success hasn't come alongside its results.
Boston posted a solid second quarter that impressed Wall Street, but the company's still working on turning around from a lackluster past few years. The company's first-half sales fell year-over-year this year, mainly due to interventional cardiology and cardiac rhythm management businesses that have struggled to grow.
But Boston's outlook isn't bleak. The company just scored a big approval from the Food and Drug Administration in its small but growing electrophysiology business, and this segment has shown strong performance recently. Is Boston Scientific back on the path to success? Fool contributor Dan Carroll tells you all about this company's fortunes -- and what you can expect going forward -- in the video below.
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The article Is This the Start of Boston Scientific's Bounce Back? originally appeared on Fool.com.Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool owns shares of Medtronic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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