Hologic increases revenue, earnings in Q1
Hologic reported revenue of $695.2 million in Q1 in its first fiscal report of 2016, an increase of 6.5 percent on a reported basis and 8.1 percent on a constant currency basis.
The medical imaging manufacturer based in Marlborough, Mass., also reported adjusted earnings per share of 46 cents, up 17.9 percent year over year.
"We are pleased with our first quarter financial results overall," said Steve MacMillan, chairman, president and CEO of Hologic. "Our U.S. businesses again performed exceptionally well, with double-digit revenue growth. This contributed to improvement in our already strong operating margin, and earnings per share growth at nearly three times the rate of revenue."
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