Skip to main content
Premium Trial:

Request an Annual Quote

Hologic Raises Q4 Revenue Guidance

NEW YORK – Hologic on Friday increased its revenue guidance for its fiscal fourth quarter on strong sales of its COVID-19 tests and other products.

In a document filed with the US Securities and Exchange Commission, the Marlborough, Massachusetts-based company forecast total revenues in Q4 to increase between 54 percent and 60 percent, which would translate to revenues of between $1.23 billion and $1.28 billion. On its third quarter earnings call, Hologic predicted a revenue increase of between 6.8 percent and 18.4 percent, translating to revenues of between $925 million and $1.03 billion.

The firm had previously also predicted EPS to be between $.73 and $.93 for Q4, but it said it now expects the increased revenue will likely drive EPS "significantly above" this prior guidance.

The forecast increase is the result of Hologic's continued increasing supply chain capacity leading to increased production and strong demand for COVID-19 tests and Panther instruments for those tests, as well as other related products. Hologic also said its breast and skeletal business, as well as its surgical division, have performed slightly better than they predicted.

Hologic's two SARS-CoV-2 assays that have received Emergency Use Authorization from the US Food and Drug Administration run on its Panther and Panther Fusion instruments. 

In early morning trading on the Nasdaq, Hologic's shares were up 5 percent to $62.91.

The Scan

Foxtail Millet Pangenome, Graph-Based Reference Genome

Researchers in Nature Genetics described their generation of a foxtail millet pangenome, which they say can help in crop trait improvement.

Protein Length Distribution Consistent Across Species

An analysis in Genome Biology compares the lengths of proteins across more than 2,300 species, finding similar length distributions.

Novel Genetic Loci Linked to Insulin Resistance in New Study

A team reports in Nature Genetics that it used glucose challenge test data to home in on candidate genes involved in GLUT4 expression or trafficking.

RNA Editing in Octopuses Seems to Help Acclimation to Shifts in Water Temperature

A paper in Cell reports that octopuses use RNA editing to help them adjust to different water temperatures.