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Stock impact report

Hologic stock rallies as company beat sales views [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
Shares of Hologic Inc. rose more than 6% in the extended session Wednesday after the medical technology company met Wall Street expectations for its adjusted fiscal second-quarter profit and posted sales above forecasts, saying it will emerge from the pandemic as a "stronger company." Hologic said it earned $96.3 million, or 36 cents a share, in the quarter, versus a loss of $273 million in the prior-year period. Adjusted for one-time items, the company said it earned 57 cents a share, compared with 58 cents a share a year ago. Revenue fell to $756 million from $818 million a year ago. Analysts polled by FactSet expected the company to report adjusted per-share profit of 57 cents a share on sales of $746 million. Hologic withdrew its guidance, saying the coronavirus pandemic "will to have a significant negative impact on its future revenue and operating income, especially in the third quarter of fiscal 2020," but it could not quantify the impact due to uncertainties. In a separate pre Show less Read more
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