Shares in Boston Scientific fall

Shares in Boston Scientific Corp. were down nearly 12 percent in late-morning trading after the Natick medical device maker reported a profit drop in quarterly results released yesterday afternoon.

On the New York Stock Exchange this morning, company shares were trading at $12.17, down $1.63.

Yesterday Boston Scientific said that second-quarter profit dropped 15 percent as rivals cut into sales of its heart stents and defibrillators.

Please click here to read an item on Boston Scientific that appeared in the "Earnings roundup" section of today's Globe.

Please click here to read the second-quarter press release that Boston Scientific issued yesterday.
(By Chris Reidy, Globe staff)