To continue getting breaking news and the full stories from The Boston Globe, subscribe today.

The Boston Globe

Business

Boston.com

Boston Scientific falls after 4Q profit plunges 55 percent

By Bloomberg News

 |   

  February 02, 2012

Boston Scientific Corp., the second-biggest cardiac-device maker, fell in early trading after fourth-quarter earnings plummeted 55 percent. Boston Scientific declined 3.6 percent to $5.87 at 8:30 a.m. Net income dropped to $107 million, or 7 cents a share, from $236 million, or 15 cents a share, a year earlier, the Natick-based company said. Demand for defibrillators to restart a stopped heart and pacemakers to ensure a steady rhythm, two of Boston Scientific’s biggest products, continued to fall in the fourth quarter.

Stay with the story. Get full access to BostonGlobe.com for just 99¢

Unlimited access to BostonGlobe.com for only 99¢ for the first 4 weeks. You can cancel at any time.

  • The FULL story all day: Enjoy all of the high-quality, in-depth journalism in the print edition of the Boston Globe — plus breaking news that's updated 24/7.
  • A truly reader-friendly format: It's online news that looks and reads just like the newspaper — uncluttered, uninterrupted.
  • Breakthrough technology: The responsive design automatically adapts content so it always reads perfectly on the digital device of your choice.
Get started today

Free access for home delivery subscribers.

Just need to link your home delivery account; one easy step.

Link my home delivery account

BostonGlobe.comSubscriber Log In

Contact us for help