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Boston Scientific Second Quarter Results Exceed Consensus Sales and EPS; Full-Year Guidance Raised
Date:7/28/2011

ing statements.
This cautionary statement is applicable to all forward-looking statements contained in this press release.

Use of Non-GAAP Financial InformationA reconciliation of the Company's non-GAAP financial measures to the corresponding GAAP measures, and an explanation of the Company's use of these non-GAAP financial measures, is included in the exhibits attached to this press release. 

CONTACT:

Denise Kaigler508-650-8330 (office)Media RelationsBoston Scientific Corporationdenise.kaigler@bsci.comErik Kopp508-650-8660 (office)Media RelationsBoston Scientific Corporationerik.kopp@bsci.comSean Wirtjes508-652-5305 (office)Investor RelationsBoston Scientific Corporationinvestor_relations@bsci.comBOSTON SCIENTIFIC CORPORATIONCONDENSED CONSOLIDATED GAAP RESULTS OF OPERATIONS

(Unaudited)Three Months EndedSix Months EndedJune 30,June 30,in millions, except per share data

2011201020112010Net sales

$
,975

$
,928$
3,900

$
3,888Cost of products sold

688

6541,319

1,316Gross profit

1,287

1,2742,581

2,572Operating expenses:Selling, general and administrative expenses

642

6341,237

1,262Research and development expenses

223

232435

485Royalty expense

52

57103

108Amortization expense

96

124228

252Goodwill impairment (credits) charges(31)697

1,817Intangible asset impairment charges

1212

60Contingent consideration expense

713Acquisition-related milestone(250)Restructuring charges

18

2756

93Gain on divestiture(760)1,050

1,0432,021

3,827Operating income (loss)

237

231560

(1,255)Other income (expense):Interest expense

(73)

(103)(148)

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SOURCE Boston Scientific Corporation
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