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Boston Scientific Shares Fall as CEO Flags Short-Term Challenges

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Boston Scientific (BSX) shares fell 9% in Wednesday trading after Chief Executive Mike Mahoney said this year has been "a bit more of a challenge" than anticipated.

Mahoney said at an industry conference Wednesday that the company is "not going to likely grow faster than our peer group in the short term, but as that Denali platform gets launched in our emblem with [subcutaneous implantable cardioverter defibrillator] leadless pacemaker, that will help our growth in our [cardiac rhythm management] business," according to a FactSet transcript.

Price: $52.44, Change: $-5.20, Percent Change: -9.02%

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