Hologic Increases FY16 EPS Guidance - Quick Facts

(RTTNews) - Hologic, Inc. (HOLX) announced the company expects fiscal 2016 non-GAAP EPS to be in the range of $1.86 to $1.90 compared to prior guidance range of $1.80 to $1.84. Revenues are now expected to be between $2.80 to $2.83 billion compared to prior guidance of $2.81 to $2.84 billion. Analysts expect the company to report profit per share of $1.82 on revenue of $2.84 billion.

"Building on our solid performance in the first quarter, we are updating our fiscal 2016 revenue guidance based on a stronger U.S. dollar, but increasing our EPS guidance to reflect greater-than-expected earnings power," said Bob McMahon, CFO.

For the second quarter of fiscal 2016, Hologic expects: Non-GAAP EPS in a range of $0.45 to $0.46; and revenues in a range of $680 to $690 million. Analysts expect the company to report earnings per share of $0.45 on revenue of $695.49 million.

Hologic, Inc. reported first-quarter revenue of $695.2 million increased 6.5% on a reported basis, and 8.1% on a constant currency basis. GAAP EPS of $0.29 increased 190%, and non-GAAP EPS of $0.46 increased 17.9%.