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Boston Scientific Expects Up To $40M Impact In Q1 From Coronavirus Outbreak; 10%-12% Revenue Increase For 2020

 
• By Marion Webb

Boston Scientific said in an earnings call it expects the coronavirus outbreak may lead to a $10m to $40m loss in first-quarter sales as a result of lower procedures volumes and disrupted supply chains in China. For the fourth quarter, Boston Scientific reported $2.9bn in sales.

Finance and earning concept

Boston Scientific Corp.'s management expects the coronavirus outbreak may cause the company to lose up to $40m in 2020 first-quarter revenues as a result of deferred procedures and disruptions in its supply chains in China.

"Although it is early, the Chinese health care system is highly focused on containing the spread of the virus, and thus, we expect to see a reduction in volume for...

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