FX.co ★ Hologic Inc Q4 Profit Increases, Inline With Estimates

Hologic Inc (HOLX) reported an increase in its fourth-quarter profit compared to the same period last year, aligning with Wall Street expectations. The company's net income reached $178.6 million, or $0.76 per share, compared to $90.6 million, or $0.37 per share, in the fourth quarter of the previous year.

Excluding certain items, Hologic Inc recorded adjusted earnings of $237.5 million, translating to $1.01 per share for the quarter. This figure matched the consensus estimate of $1.01 per share, as forecasted by analysts surveyed by Thomson Reuters. It is important to note that analysts generally exclude special items from their forecasts.

The company's revenue for the quarter experienced a 4.5% increase, rising to $987.9 million from $945.3 million in the previous year.

In summary, Hologic Inc's GAAP earnings for the fourth quarter were as follows:

- Earnings: $178.6 million compared to $90.6 million last year.

- Earnings per share (EPS): $0.76 versus $0.37 last year.

- Revenue: $987.9 million versus $945.3 million last year.

For the upcoming quarter, Hologic Inc anticipates an EPS between $1.00 and $1.03 and expects revenue to fall within the range of $1,025 million to $1,035 million.