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Hologic tops Street 4Q forecasts

MARLBOROUGH, Mass. (AP) _ Hologic Inc. (HOLX) on Wednesday reported fiscal fourth-quarter net income of $82.7 million.

The Marlborough, Massachusetts-based company said it had profit of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The medical device maker posted revenue of $802.9 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $792.5 million.

For the current quarter ending in January, Hologic expects its per-share earnings to range from 48 cents to 50 cents.

The company said it expects revenue in the range of $775 million to $790 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $806.4 million.

Hologic expects full-year earnings in the range of $2.10 to $2.15 per share, with revenue ranging from $3.2 billion to $3.28 billion.

Hologic shares have decreased slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.54, a climb of 2 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOLX at https://www.zacks.com/ap/HOLX