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Hologic: Fiscal 4Q Earnings Snapshot

·1 min read

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal fourth-quarter net income of $495 million, after reporting a loss in the same period a year earlier.

The Marlborough, Massachusetts-based company said it had net income of $1.88 per share. Earnings, adjusted for non-recurring costs, came to $2.07 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The medical device maker posted revenue of $1.35 billion in the period.

For the year, the company reported net income of $1.12 billion, or $4.21 per share, swinging to a profit in the period. Revenue was reported as $3.78 billion.

For the current quarter ending in January, Hologic expects its per-share earnings to range from $2.10 to $2.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.18.

The company said it expects revenue in the range of $1.35 billion to $1.43 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.04 billion.

Hologic shares have climbed 41% since the beginning of the year. The stock has increased 51% 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