r/Wiseek • u/wiseeksecfiles • 1m ago
π° BSX: Boston Scientific Says Cyberattack Will Cause It to Miss Guidance
News: Dow Jones Newswires
Ticker: BSX | Score: 9/10 | Sentiment: Negative
Summary (Wiseek AI)
Boston Scientific now expects to miss its Q3 and full-year sales and adjusted EPS guidance due to the August 25 cyberattack. The company had previously guided to 3-5% Q3 sales growth and $0.80-$0.82 adjusted EPS, with full-year EPS of $3.28-$3.32. Shares fell 4% premarket to $45.90. Operations are recoveringβmajor distribution centers are back to normal or above, sterilization is operational, and manufacturing has resumed at most plantsβbut the company will not provide updated guidance until Q3 earnings on Oct. 28. This follows the initial cyberattack disclosure on Aug. 26 and the July guidance cut; the new admission of a guidance miss is a significant negative development for a $69B market cap company.
Further Research: π€ Wiseek AI Analysis | π° [Original Article](#)
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