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Boston Scientific Announces Results for Third Quarter Ended September 30, 2008
Date:10/21/2008
Litigation-related charges 334
Restructuring charges 20
Acquisition-related milestone (250)
Loss on assets held for sale 352
1,295 1,620
Operating income (loss) 28 (147)
Other income (expense):
Interest expense (112) (147)
Other, net 16 35
Loss before income taxes (68) (259)
Income tax (benefit) expense (6) 13
Net loss $(62) $(272)
Net loss per common share - basic $(0.04) $(0.18)
Net loss per common share - assuming
dilution $(0.04) $(0.18)
Weighted average shares outstanding -
basic 1,500.9 1,489.8
Weighted average shares outstanding -
assuming dilution 1,500.9 1,489.8
BOSTON SCIENTIFIC CORPORATION
NON-GAAP NET INCOME AND NET INCOME PER COMMON SHARE RECONCILIATIONS
(Unaudited)
Three Months Ended Three Months Ended
September 30, 2008 September 30, 2007
Impact per Impact per
In millions, except per Net (loss) diluted Net (loss) diluted
share data income share income share
GAAP results $(62) $(0.04) $(272) $(0.18)
Non-GAAP adjustments:
Acquisition-related (credits)
charges
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| SOURCE Boston Scientific Corporation Copyright©2008 PR Newswire. All rights reserved |
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