Boston, MA 02/04/2014 (wallstreetpr) – Boston Scientific Corporation (NYSE:BSX) is set to announce its fourth quarter results today. In the last few years, BSX has missed to report any improvement in its revenues due to fierce competition and pricing pressure. But, the company’s effective cost cutting results and recent developments happening at the company’s two largest divisions, namely Cardiac Rhythm Managment (CRM) and Interventional Cardiology (IC), raises hopes that the company will be able to achieve its guidance in the fourth quarter. Boston Scientific Corporation (NYSE:BSX) has set $1.78-$1.83 billion guidance for the fourth quarter sales, while analysts also expect the company to improve on its gross margin.
Gilead Sciences, Inc. (NASDAQ:GILD) will report its fourth quarter results on Feb 4 after the close of the market. Gilead had performed better-than-expected in the previous quarter with earnings of over 6.38%. Ahead of the earnings call, analyst expects that the company’s topline will perform well as a result of strong performance reported for its antiviral franchise. Though, Gilead earned FDA approval in December 2013 for its hepatitis C virus, but its revenues would not reflect in this quarter of 2013.The company’s bottom line is expected to be impacted due to higher operating costs and expansion plans. Gilead Sciences, Inc. (NASDAQ:GILD) is expected to furnish details relating to its pipeline during the earnings call.
PulteGroup, Inc. (NYSE:PHM) is underway plans to acquire more land this year than what it spent in the previous year. The company mentioned that it will spend an additional amount of close to $700 million towards acquisition of this land, even in the sluggish period of home demand due to high interest rate charges. PHM has been able to attain success in terms of revenue growth in the recent quarters and therefore, the company is assured that the mortgage fallout will soon be over. PulteGroup, Inc. (NYSE:PHM) plans to make good of the reduced sales losses through hiking the price of homes.
