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BOSTON SCIENTIFIC CORPORATION ADDRESSES FIRST QUARTER REVENUE GROWTH

 WATERTOWN, Mass., April 1 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) announced that growth in revenues in the first quarter ended March 31 was approximately 22 percent. The rate of growth was below the company's expectations for the quarter. Revenues for the first quarter were approximately $88.5 million. This compares to revenues of $72.6 million in the first quarter of 1992. The company expects to report its results for the first quarter on April 27.
 The lower than expected revenues is attributed primarily to continued delays in product approvals at the FDA, an inability to ship against backlog in certain product categories, and a slower than expected start-up of the Company's UK subsidiary.
 Pete Nicholas, Co-Chairman and Chief Executive Officer, said, "Business conditions in the markets we serve continue to provide attractive growth opportunities. Despite the slower than expected start, we continue to believe that 1993 will be another year of solid growth for the Company."
 Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices. The Company's products are used in a broad range of interventional medical specialties including cardiology, gastroenterology, pulmonary medicine, radiology, urology, and vascular surgery.
 -0- 4/1/93
 /CONTACT: Larry Best of Boston Scientific, 617-972-4450/
 (BSX)


CO: Boston Scientific Corporation ST: Massachusetts IN: MTC SU: ERP

DH -- NE002 -- 1859 04/01/93 08:29 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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