Hologic falls on lower-than-expected annual revenue forecast

Hologic

05/11/2024 15:18

** Shares of medical device maker Hologic  HOLX.O  fall 4.7%
to $79.77, the lowest since August
    ** HOLX said late on Monday it expects 2025 revenue in range
of $4.15 bln to $4.20 bln, below analysts' average estimate of
$4.21 bln - LSEG data
    ** Co said its full-year forecast included an expected
impact from ongoing temporary halt in shipping of its bone
density scanning machine, Horizon DXA systems
    ** Co reported Q4 adj. profit of $1.01/shr, in line with
analysts' estimates
    ** Stock up 11.6% YTD
    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))