AP NEWS

Hologic: Fiscal 1Q Earnings Snapshot

January 29, 2020 GMT

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal first-quarter earnings of $386.1 million.

On a per-share basis, the Marlborough, Massachusetts-based company said it had net income of $1.43. Earnings, adjusted for one-time gains and costs, came to 61 cents per share.

The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share.

The medical device maker posted revenue of $850.5 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $844.9 million.

For the current quarter ending in April, Hologic expects its per-share earnings to range from 61 cents to 63 cents.

The company said it expects revenue in the range of $770 million to $780 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $820.2 million.

Hologic expects full-year earnings in the range of $2.63 to $2.67 per share, with revenue ranging from $3.24 billion to $3.27 billion.

Hologic shares have risen almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $54.65, an increase of 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOLX at https://www.zacks.com/ap/HOLX