Boston Scientific left nursing its bottom line after cyberattack
Medical device giant warns August intrusion will hit Q3 and full-year sales and earnings as recovery drags on
Boston Scientific says that last month's cyberattack caused enough disruption that it is unlikely to meet its sales growth and adjusted earnings guidance for either the third quarter or the full year.
The medical device giant disclosed the expected financial hit in an SEC filing published Tuesday, two weeks after an intrusion knocked systems offline and disrupted operations worldwide.
Boston Scientific detected unauthorized activity on its network on August 25 and took some systems offline as it scrambled to contain the attack. At the time, it said the resulting outage had affected business applications used to process and ship customer orders, but couldn't say what the incident would ultimately cost it.
It now has a better idea, and the news isn't great.
In its latest filing, Boston Scientific said the disruption...
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