Thursday, November 8, 2018

Hologic Inc. (HOLX)

Hologic Inc. (HOLX) shares rose in the extended session Wednesday as the medical technology company's earnings fell short of Wall Street estimates but revenue topped them. Hologic shares rose 4.6% after hours, following a 2% gain to close the regular session at $41.26. The company reported fiscal fourth-quarter net income of $50.5 million, or 18 cents a share, compared with $82.7 million, or 29 cents a share, in the year-ago period. Adjusted earnings were 58 cents a share. Revenue rose to $813.5 million from $802.9 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 59 cents a share on revenue of $806.3 million. For the year, Hologic expects earnings of $2.38 to $2.42 a share on revenue of $3.29 billion to $3.34 billion, while analysts had forecast $2.42 a share on revenue of $3.31 billion.

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