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Hologic: Fiscal 4Q Earnings Snapshot

November 7, 2018

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal fourth-quarter profit of $50.5 million.

The Marlborough, Massachusetts-based company said it had profit of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The medical device maker posted revenue of $813.5 million in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $805.1 million.

For the year, the company reported a loss of $111.3 million, or 40 cents per share, swinging to a loss in the period. Revenue was reported as $3.22 billion.

For the current quarter ending in January, Hologic expects its per-share earnings to range from 55 cents to 57 cents.

The company said it expects revenue in the range of $800 million to $815 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $822.2 million.

Hologic expects full-year earnings in the range of $2.38 to $2.42 per share, with revenue ranging from $3.29 billion to $3.34 billion.

Hologic shares have decreased 3.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.26, a rise of 4.5 percent 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

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