Hologic Fourth-quarter Sales Beat Estimates

by RosaHogg06857489 posted Jan 17, 2025
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Nov 9 (Reuters) - Hologic on Thursday reported fourth-quarter sales that beat Wall Street estimates on strong demand in its breast health segment, sending the medtech firm's shares up 2.7% in extended trading.

The company now expects first-quarter adjusted per-share earnings between $0.92 and $0.97, compared with estimates of $0.94, according to LSEG data.

Hologic manufactures and supplies diagnostic tests, medical imaging systems and surgical products.

The company's breast health segment reported sales of $352.8 million in the fourth quarter, compared with estimates of $345.08 million.

Hologic posted revenue of $945.3 million that beat estimates of $940.04 million. (Reporting by Pratik Jain in Bengaluru; Editing by Shounak Dasgupta)

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