January 28, 2016
Hologic reports strong first quarter; income up 190 percent
PHOTO/COURTESY
Medical devices, such as this mammography machine, saw strong sales increases for Hologic in the first quarter.
Marlborough-based Hologic reported a strong start to the year, with 12.8 percent growth in U.S. sales of its testing and diagnostic equipment.
Overall revenue, however, was up a still-healthy but less impressive 6.5 percent as it was pulled down by an 11.5 percent decline in international sales. However, with an already strong operating margin, the U.S. sales contributed to a 190.5 percent growth in net income compared to the first quarter of fiscal 2015.
As a result of the strong quarter, Hologic increased its anticipated 2016 performance.
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