logo
Plus   Neg
Share
Email

Hologic Raises EPS Forecast - Quick Facts

Hologic, Inc. (HOLX) announced, for 2018, the company now expects non-GAAP earnings per share of $2.22 to $2.27, revised from prior guidance range of $2.10 to $2.15. Non-GAAP revenue is projected in the range of $3.20 to $3.28 billion, unchanged from prior outlook.

"We are reiterating our full-year revenue guidance and increasing our EPS forecast based mainly on our solid first-quarter results and the beneficial effects of U.S. tax reform," said Bob McMahon, the company's CFO.

For the second quarter of fiscal 2018, the company projects non-GAAP EPS in the range of $0.53 to $0.54, and non-GAAP revenue in the range of $770 to $785 million.

First-quarter non-GAAP EPS was $0.55 increased 5.8% compared to the prior year period. Revenue of $791.1 million increased 7.7%, or 6.7% in constant currency, compared to the prior year period. Excluding the acquired medical aesthetics and divested blood screening businesses, revenue increased 2.7%, or 1.5% in constant currency.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nvidia Corp. (NVDA) Thursday reported a surge in its second-quarter profit, driven largely by a better-than-expected growth in revenues and strong margins. However, shares of the graphics chip maker slipped about 4 percent in extended session, as its revenue outlook for the current quarter fell short... The U.S. Food and Drug Administration Thursday approved the first generic version of Mylan's EpiPen for the emergency treatment of allergic reactions. Teva Pharmaceuticals gained the US regulator's approval to market its generic epinephrine auto-injector in 0.3 mg and 0.15 mg strengths. Shares of... Amazon.com Inc. (AMZN) is reportedly planning to acquire Landmark Theatres, as the e-commerce giant seeks to gain a foothold in the brick-and-mortar cinema industry. Bloomberg Thursday reported, citing people familiar with the situation, that Amazon is looking with other suitors to acquire the business...
Follow RTT