Hologic (HOLX) Tops Q4 Earnings, Revenues; Issues '17 View
Zacks Investment Research | Nov 03, 2016 07:09AM ET
Hologic Inc. (NASDAQ:HOLX) reported fourth-quarter fiscal 2016 adjusted earnings per share (EPS) of 52 cents, up 20.9% year over year. Adjusted EPS also beat the Zacks Consensus Estimate by 4% and exceeded the company guidance of 49–50 cents.
Management believes the company’s additional capital deployment efforts have led to faster EPS growth in comparison to revenue.
On a reported basis, the company recorded net income of $92.2 million or 33 cents per share, reflecting a massive year-over-year improvement of 265.8% or 266.7%, respectively.
Fiscal 2016 earnings came in at $1.16, up 157.7% from the previous year. The full-year earnings missed the Zacks Consensus Estimate of $1.94.
HOLOGIC INC Price, Consensus and EPS Surprise
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