Hologic Q1 Adj. Profit Tops View; Backs FY14 Revenue Outlook - Quick Facts

(RTTNews) - Hologic Inc. (HOLX) Monday reported first-quarter net loss of $5.4 billion or $0.02 per share, compared to net income of $3.1 million or $0.01 per share last year.

Excluding items, adjusted earnings for the quarter were $94.1 million or $0.34 per share, compared with $101.8 million or $0.38 per share a year ago. On average, 21 analysts polled by Thomson Reuters estimated earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter decreased 3.0% to $612.45 million, compared with $631.36 million in the prior year, while seventeen analysts had a consensus revenue estimate of $609.65 million for the quarter.

For the second quarter, Hologic expects adjusted earnings of $0.32 to $0.34 per share and revenue of $605 million to $615 million. Analysts expect earnings of $0.33 per share on revenue of $606.48 million.

For the full year 2014, Hologic estimates adjusted earnings of $1.34 to 1.38 per share, compared to its prior guidance of $1.32 to $1.38 per share. Analysts now expect earnings of $1.36 per share.

The company continues to expect revenue of $2.425 billion to $2.475 billion. Analysts expect revenue of $2.46 billion.