Hologic Inc Q4 Profit Decreases, but beats estimates

(RTTNews) - Hologic Inc (HOLX) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $118.7 million, or $0.47 per share. This compares with $328.8 million, or $1.28 per share, in last year's fourth quarter.

Excluding items, Hologic Inc reported adjusted earnings of $207.5 million or $0.82 per share for the period.

Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 28.0% to $0.95 billion from $1.32 billion last year.

Hologic Inc earnings at a glance (GAAP) :

-Earnings (Q4): $118.7 Mln. vs. $328.8 Mln. last year. -EPS (Q4): $0.47 vs. $1.28 last year. -Analyst Estimates: $0.62 -Revenue (Q4): $0.95 Bln vs. $1.32 Bln last year.

-Guidance: Next quarter EPS guidance: $0.80 - $0.90 Next quarter revenue guidance: $940 - $990 Mln