Hologic stock falls nearly 4% after company’s revenue drop on lower COVID-related sales

Shares of Hologic Inc.

dropped more than 3% in the aftermarket Monday after the medical technology company topped Wall Street estimates for its fiscal third quarter and tweaked its guidance for the fiscal year and for the fiscal fourth quarter. Hologic lost $40.5 million, or 16 cents a share, in the quarter, versus earnings of $228.4 million, or 90 cents a share, in the year-ago period. Adjusted for one-time items, Hologic earned 93 cents a share. Revenue dropped 2% to $984.

dropped more than 3% in the aftermarket Monday after the medical technology company topped Wall Street estimates for its fiscal third quarter and tweaked its guidance for the fiscal year and for the fiscal fourth quarter. Hologic lost $40.5 million, or 16 cents a share, in the quarter, versus earnings of $228.4 million, or 90 cents a share, in the year-ago period. Adjusted for one-time items, Hologic earned 93 cents a share. Revenue dropped 2% to $984.

Source: News Formal (newsformal.com)

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