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Stock impact report

Hologic says COVID-19 had 'significant negative impact' on business in late March [MarketWatch]

Hologic, Inc. (HOLX) 
Last hologic, inc. earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.hologic.com
Company Research Source: MarketWatch
Hologic Inc. delivered preliminary sales results for its fiscal second quarter Tuesday while pulling its full-year outlook due to "the uncertain economic impact of the COVID-19 pandemic." The company said it expects to report $756.1 million in revenue for the fiscal second quarter, down from $818.4 million a year earlier. Analysts surveyed by FactSet had been expecting $752 million. The company also warned that the COVID-19 outbreak had a "significant negative impact" on the business in late March, particularly limiting sales for the company's breast-health products as medical centers curtailed access to their facilities to prevent further spread of the new coronavirus. Sales of GYN surgical and diagnostic products were also hit, the company said. "These lower-than-expected revenues are expected to negatively affect gross margin in the second quarter, resulting in earnings per share (EPS) below the Company's prior expectations," Hologic said in a release, while also disclosing that th Show less Read more
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