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Hologic Non-GAAP EPS of $1.07 beats by $0.14, revenue of $1.07B beats by $60M

Feb. 01, 2023 4:03 PM ETHologic, Inc. (HOLX)By: Pranav Ghumatkar, SA News Editor
  • Hologic press release (NASDAQ:HOLX): Q1 Non-GAAP EPS of $1.07 beats by $0.14.
  • Revenue of $1.07B (-26.97% Y/Y) beats by $60M.
  • Diagnostics revenue decreased (41.2%), or (39.4%) in constant currency, primarily driven by lower sales of COVID-19 assays compared to the prior year period.
  • Cash flow from operations remained very strong in the first quarter at $253.4 million. In addition, the Company repurchased 1.5 million shares of its stock for $100 million in the quarter.

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