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Hologic: Fiscal 1Q Earnings Snapshot

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal first-quarter net income of $98.6 million.

The Marlborough, Massachusetts-based company said it had profit of 36 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The medical device maker posted revenue of $830.7 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $818.4 million.

For the current quarter ending in April, Hologic expects its per-share earnings to range from 55 cents to 57 cents.

The company said it expects revenue in the range of $795 million to $810 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $811 million.

Hologic expects full-year earnings in the range of $2.39 to $2.43 per share, with revenue ranging from $3.31 billion to $3.34 billion.

Hologic shares have risen 9.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.01, a climb of slightly more than 4 percent 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