Hologic Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hologic (NASDAQ:HOLX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.01b (up 2.7% from 3Q 2023).
• Net income: US$194.5m (up from US$40.5m loss in 3Q 2023).
• Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$0.83 (up from US$0.16 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hologic Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 5.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Hologic's balance sheet health.

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