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Hologic: Fiscal 1Q Earnings Snapshot

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MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal first-quarter earnings of $654.4 million.

The Marlborough, Massachusetts-based company said it had net income of $2.50 per share. Earnings, adjusted for one-time gains and costs, were $2.86 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.

The medical device maker posted revenue of $1.61 billion in the period.

For the current quarter ending in April, Hologic expects its per-share earnings to range from $2.56 to $2.68. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.18.

The company said it expects revenue in the range of $1.5 billion to $1.56 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $1.04 billion.

Hologic shares have dropped slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $72.63, an increase of 35% 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