Summary
Boston Scientific Corporation (BSX) has filed an 8-K report on April 15, 2009, providing a pre-release update regarding its upcoming first quarter 2009 financial results, scheduled for release on April 20, 2009. The company disclosed that specific "special items" will negatively impact its Generally Accepted Accounting Principles (GAAP) earnings for the quarter. While the precise nature and magnitude of these special items are not detailed in this 8-K filing itself, investors are alerted to an anticipated reduction in reported earnings. The accompanying press release (Exhibit 99.1) is expected to contain the full details.
Key Highlights
- 1Boston Scientific (BSX) announced an upcoming first quarter 2009 earnings report.
- 2The company expects "special items" to reduce reported GAAP earnings for Q1 2009.
- 3The full financial results are scheduled to be released on April 20, 2009.
- 4This 8-K filing serves as an early notification of potential earnings impact.
- 5A press release dated April 15, 2009, containing further details, is filed as Exhibit 99.1.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors that Boston Scientific Corporation anticipates reporting lower GAAP earnings for the first quarter of 2009 due to certain "special items" that will be included in their financial results.
Boston Scientific plans to release its full first quarter 2009 financial results on April 20, 2009.
The 8-K filing does not specify the nature or financial impact of the "special items." Investors will need to refer to the press release filed as Exhibit 99.1, dated April 15, 2009, for detailed information.
No, this 8-K filing does not provide specific earnings numbers. It only serves as an advance notification that GAAP earnings will be reduced due to special items. The precise figures will be available in the full financial results released on April 20, 2009.