Hologic Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Hologic Inc (HOLX) announced a profit for its first quarter that climbed from last year.

The company's earnings totaled $654.4 million, or $2.50 per share. This compares with $386.1 million, or $1.43 per share, in last year's first quarter.

Excluding items, Hologic Inc reported adjusted earnings of $749.6 million or $2.86 per share for the period.

Analysts had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 89.4% to $1.61 billion from $0.85 billion last year.

Hologic Inc earnings at a glance:

-Earnings (Q1): $749.6 Mln. vs. $164.1 Mln. last year. -EPS (Q1): $2.86 vs. $0.61 last year. -Analysts Estimate: $2.17 -Revenue (Q1): $1.61 Bln vs. $0.85 Bln last year.

-Guidance: Next quarter EPS guidance: $2.56 - $2.68 Next quarter revenue guidance: $1,500 - $1,560 Mln