Marlborough Medical Co.'s Profits Dropped 97 Percent

Last year, the company's profits went up. This quarter, they dropped drastically.

Posted Thu, Jul 24, 2014 at 3:16 pm ET

Boston Scientific Corp., which is based in Marlborough, reported that its second-quarter earnings dipped by 97 percent, reported the Modesto Bee.

The medical device maker was affected by a lawsuit as well as other expenses, and its profit dropped to $4 million from $130 million.

During the same quarter last year, the company's revenue rose by 3.5 percent, said the Modesto Bee.

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