Boston Scientific reports weaker results, sets job cuts

The company said it expected to eliminate 900 to 1,000 jobs worldwide through 2013.The company said that fourth-quarter net earnings fell to $60 million, or 4 cents per share, from $107 million, or 7 cents per share before a year.Revenue dipped to $1.82 billion from $1.85 billion as sales slipped in the cardiology business.Those two businesses make up more than half of Boston scientific total revenue.Company forecast first-quarter earnings of 4 cents to 7 per share.It said it expected adjusted earnings of between 64 cents and 70 cents per share on sales of $7.05 billion to $7.35 billion.

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Boston Scientific reports weaker results, sets job cuts