Hologic posts upbeat second quarter profit
May 2 (Reuters) -Medical tech company Hologic HOLX.O reported second-quarter profit that beat Wall Street estimates on Thursday, sending its shares up 2.8% in extended trading.
The Marlborough, Massachusetts-based company manufactures and supplies diagnostic tests and assays, medical imaging systems, and surgical products for women's healthcare.
On an adjusted basis, the company posted a profit of $1.03 per share, above analysts' estimates of $0.98 per share.
Hologic, however, narrowed its annual sales forecast range to be between $4.00 billion and $4.05 billion, compared to the prior forecast of $3.99 billion to $4.07 billion.
Its total revenue for the three months ended March 30 came in at $1.02 billion, in line with analysts' average estimate, as per LSEG data.
The company's breast health segment, which offers products in radiology, breast surgery and pathology, recorded a 0.2% fall in quarterly sales to $384.6 million, below analysts' estimates of $387.30 million.
Its diagnostics segment reported a 3.1% fall in sales to $450.1 million due to lower sales of Covid-19 assays compared to the previous year, still topping analysts' estimate of $426.5 million.
Reporting by Sruthi Narasimha Chari in Bengaluru; Editing by Tasim Zahid
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