On Oct. 18, Boston Scientific (NYSE:BSX) released Q3 earnings for the period ended Sept. 30.
- Revenues exceeded estimates by $7 million, while earnings missed estimates by $0.04 per share.
- Revenue rose a robust 34.1%, to $2.02 billion.
- EPS increased to $0.05, as net income rose to $76 million.
- Long-term debt increased to $8.89 billion from a year-ago $2.43 billion.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$2,019 |
$2,026 |
$1,511 |
34.1% |
|
Net Profit |
-- |
$76 |
($269) |
N/A |
|
EPS |
$0.09 |
$0.05 |
($0.33) |
N/A |
|
Diluted Shares |
-- |
1,487 |
820 |
81.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
68.90% |
77.30% |
(8.40) |
|
Operating Margin |
9.62% |
(22.24%) |
31.86 |
|
Net Margin |
3.75% |
(17.80%) |
21.55 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,541 |
$917 |
68.1% |
|
Accounts Rec. |
$1,460 |
$976 |
49.6% |
|
Inventory |
$759 |
$410 |
85.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,815 |
$958 |
89.5% |
|
Long-Term Debt |
$8,893 |
$1,518 |
486.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Boston Scientific did not provide a cash flow statement. (For shame.)
Find out why Fools always follow the money.
Related Companies:
- Medtronic (NYSE:MDT)
- St. Jude Medical (NYSE:STJ)
- Baxter International (NYSE:BAX)
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- Who's Buying Now
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- When the "Top 25" meets the "Top 12"
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
