Hologic Inc (HOLX) has announced a rise in profits for its first quarter compared to last year. The results also surpassed the estimates by analysts.
In terms of specifics, the company's net income stood at $246.5 million, translating to $1.03 per share. A year ago, in the same quarter, the figure was $187.4 million, or $0.75 per share.
When certain one-off items were excluded, Hologic Inc posted an adjusted income of $236.4 million, or $0.98 per share in the recent quarter.
The expectation amongst analysts was an earning of $0.95 per share, as per data gathered by Thomson Reuters. These estimates usually do not take into account special items.
However, the company's revenue for the quarter underwent a drop of 5.6%, slipping from $1.07 billion last year to $1.01 billion in the recent quarter.
Taking a detailed look at Hologic Inc’s figures:
- Earnings for Q1: $246.5 million, up from $187.4 million last year.
- Earnings Per Share (EPS) for Q1: $1.03, up from $0.75 last year.
- Analysts' projection was $0.95.
- Revenue for Q1: $1.01 billion, down from $1.07 billion last year.
As for the guidance provided by Hologic Inc for future performance:
- EPS for the next quarter: $0.95 - $1.00
- Revenue for the next quarter: $990 million - $1.01 billion
- Full year EPS: $3.97 - $4.12
- Full year revenue: $3.99 - $4.07 billion.
