Hologic Results Top Estimates; Lifts FY Guidance

(RTTNews) - Hologic Inc (HOLX), a maker of diagnostic products, medical imaging systems and surgical products, on Wednesday reported first-quarter net earnings of $29.2 million or $0.10 per share. This compares with a net loss of $5.3 million or $0.02 per share last year.

Excluding items, adjusted earnings for the quarter were $0.39 per share compared with earnings of $0.34 per share a year ago.

Revenues for the quarter were $652.8 million compared with $612.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.36 per share on revenues of $635.46 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, Hologic expects adjusted earnings of $0.38 to $0.39 per share on revenues of $640 to $650 million. Analysts expect earnings of $0.38 per share on revenues of $636.6 million.

For the full year 2015, the company now expects adjusted earnings of $1.54 to $1.57 per share on revenues of $2.57 billion to $2.6 billion. Earlier it expected earnings of $1.50 to $1.54 per share on revenues of $2.54 billion to $2.57 billion.

Analysts expect earnings of $1.54 per share on revenues of $2.57 billion for the year.