Hologic Results Top Estimates; Lifts FY Guidance

(RTTNews) - Hologic Inc (HOLX), a maker of diagnostic and surgical products, on Wednesday reported second quarter net earnings of $47.8 million or $0.17 per share compared with a loss of $16.8 million or $0.06 per share last year.

Excluding amortization costs and other items, adjusted earnings for the quarter were $0.41 per share compared with earnings of $0.37 per share a year ago.

Revenues for the quarter were up about 5% at $655.5 million compared with $625 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.39 per share on revenues of $645.6 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin improved to 51.3% from 45.1% a year ago, and operating margin rose to 16.8% from 8%.

For the third quarter, the company expects adjusted earnings of $0.38 to $0.39 per share on revenues of $645 million to $655 million. Analysts expect earnings of $0.39 per share on revenues of $648.8 million.

For the full year 2015, the company now expects adjusted earnings of $1.57 to $1.59 per share on revenues of $2.60 billion to $2.62 billion. Earlier it expected earnings of $1.54 to $1.57 per share on revenues of $2.57 billion to $2.60 billion

Analysts expect earnings of $1.57 per share on revenues of $2.60 billion for the year.