Recap: Hologic Q1 Earnings
Portfolio Pulse from Benzinga Insights
Hologic (NASDAQ:HOLX) reported Q1 earnings with an EPS of $0.98, beating the estimate of $0.95 by 3.16%. However, revenue decreased by $61.00 million compared to the same period last year. In the previous quarter, Hologic's EPS beat estimates by $0.05, leading to a 7.34% share price increase the next day. The company has shown a pattern of surpassing EPS estimates over the past quarters.
February 01, 2024 | 9:15 pm
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Hologic reported a higher than expected Q1 EPS of $0.98, surpassing estimates by 3.16%, but saw a decrease in revenue compared to last year.
Hologic's earnings beat and historical performance of share price increases following earnings beats suggest a positive short-term impact on HOLX stock. However, the decrease in revenue could temper some of the positive momentum, making the overall outlook cautiously optimistic.
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