Boston Scientific's Irish ops pulled down $1.4B last year | Wall Street Beat

December 12, 2012 by MassDevice staff

Boston Scientific's 4,500-worker operation in Ireland pulled down $1.4 billion in pre-tax profits last year.

MassDevice.com Wall Street Beat

Boston Scientific (NYSE:BSX) posted pre-tax profits of $1.4 billion from its Irish unit and other foreign subsidiaries last year, according to the Irish Times.

Marlborough, Mass.-based medical device company Boston Scientific is 1 of the Emerald Isle's largest employers, with a 4,500-employee workforce there.

BSX's Irish operations reported revenues of $5.37 billion for the 12 months ended Dec. 31, according to the newspaper, up 2% compared with 2011. The pre-tax profit increase represents 272% growth over the prior year, the Times reported.

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BSX logged a net loss of $725 million, or 52¢ per share, on sales of $1.74 billion for the 3 months ended Sept. 30. That represents a 7.4% top-line slide. Adjusted EPS were 16¢, just topping the 15¢ consensus on Wall Street.

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