Hologic Inc Q2 Profit Decreases, but beats estimates

(RTTNews) - Hologic Inc (HOLX) reported earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $218.5 million, or $0.87 per share. This compares with $455.7 million, or $1.80 per share, in last year's second quarter.

Excluding items, Hologic Inc reported adjusted earnings of $265.7 million or $1.06 per share for the period.

Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 28.5% to $1.03 billion from $1.44 billion last year.

Hologic Inc earnings at a glance (GAAP) :

-Earnings (Q2): $218.5 Mln. vs. $455.7 Mln. last year. -EPS (Q2): $0.87 vs. $1.80 last year. -Analyst Estimates: $0.88 -Revenue (Q2): $1.03 Bln vs. $1.44 Bln last year.

-Guidance: Full year EPS guidance: $3.75 - $3.95 Full year revenue guidance: $3,925 - $4,025 Mln