Needham & Company Downgrades Hologic (HOLX) to Hold

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Hologic Announces Financial Results for Second Quarter of Fiscal 2016

April 27, 2016 4:01 PM EDT

MARLBOROUGH, Mass., April 27, 2016 /PRNewswire/ -- Hologic, Inc. (Nasdaq: HOLX) announced today the Company's financial results for the fiscal second quarter ended March 26, 2016.  GAAP diluted earnings per share (EPS) of $0.24 increased 41.2%, and non-GAAP diluted EPS of $0.47 increased 14.6%.  Revenue of $693.3 million increased 5.8% on a reported basis, and 6.3% on a constant currency basis. 

"We posted another good quarter, highlighted by 14.6% growth in non-GAAP EPS," said Steve MacMillan, the Company's Chairman, President and Chief Executive Officer.  "The strength of our business model was evident at multiple levels in the quarter.  Our U.S.... More