Boston Scientific Reports Material Impact from Cyberattack on Sales and Earnings
Boston Scientific (BSX) announced that a cybersecurity incident in August is expected to have a material impact on its third-quarter and full-year financial results. The company stated the event, which occurred on August 25, will likely prevent it from meeting previously issued guidance for net sales growth and adjusted earnings per share set during its second-quarter report. The news caused Boston Scientific's stock price to drop by 5.9%, falling below its 50-day moving average at $44.98. The incident highlights the vulnerability of large corporations to cyber threats, which can disrupt operations and affect financial performance.
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