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.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. said it plans to open a new corporate office in Manchester in 2019 and create more than 1,000 highly-skilled jobs in the UK. As part of the ramp up of its UK investment, Amazon will increase the capacity of its Scotland Development Centre and Cambridge Development Centre. The company's 1,000 new staffers will work on research and development in the UK. Ford will launch its new "Built Ford Proud" U.S. advertising campaign this weekend as the automaker grapples with slowing sales and plans to restructure its operations in order to cut costs. The ad campaign will highlight Ford's 115-year history of manufacturing cars and comes as the automaker intends to replace 75 percent of its U.S. lineup by 2020. The Procter & Gamble Company (PG) reported first-quarter core earnings per share of $1.12, an increase of three percent versus the prior year, as benefits from a lower tax rate due to implementation of the U.S. Tax Act was partially offset by a reduction in operating margin, driven largely by negative...
Follow RTT