Boston Scientific Rises After Reporting Q1 Profit

Shares of Boston Scientific Corp BSX gained about 2% in pre-market trading after the company reported a Q1 profit and raised its earnings per share guidance for the full year. The company's Q1 net earnings came in at $20 million, or $0.01 per share, versus a loss of $1.59 million, or a loss of $1.05 per share, in the year-ago period. The company's adjusted earnings came in at $0.15 per share, versus analysts' estimates of $0.04 per share. BSX's sales dropped to $1.92 billion from $1.96 billion. BSX projected 2011 net earnings of $0.15 to $0.27 per share on net sales of $7.6 billion to $7.9 billion. The company raised its adjusted earnings forecast by $0.08 per share to a range of $0.58 to $0.68 per share. BSX shares gained 1.98% to $7.22 in pre-market trading. Read more from Benzinga's Company news.