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Hologic: Fiscal 3Q Earnings Snapshot

July 31, 2018

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Tuesday reported fiscal third-quarter profit of $112.9 million.

On a per-share basis, the Marlborough, Massachusetts-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The medical device maker posted revenue of $824 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $800.1 million.

For the current quarter ending in September, Hologic expects its per-share earnings to range from 58 cents to 60 cents.

The company said it expects revenue in the range of $800 million to $815 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $817.2 million.

Hologic expects full-year earnings in the range of $2.24 to $2.26 per share, with revenue ranging from $3.21 billion to $3.22 billion.

Hologic shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.91, a drop of almost 3 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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