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Imaging company announces increased second-quarter revenues.
2004 JUN 3 - (NewsRx.com & NewsRx.net) -- Hologic, Inc., (HOLX), a provider of women's diagnostic imaging systems and state-of-the-art digital imaging systems, announced its results for the quarter ended March 27, 2004.
Second-quarter fiscal-2004 revenues totaled $55,648,000, an 11% increase when compared to revenues of $50,297,000 in the second quarter of fiscal 2003. For the second quarter of fiscal 2004, Hologic reported net income of $2,589,000, or $0.12 per diluted share, compared with net income of $344,000, or $0.02 per diluted share, in the second quarter of fiscal 2003. The improvement in earnings reflects in large part the increase in revenues, the continued shift in product sales to the higher margin digital mammography systems (Selenia), and the decreasing expenses associated with the company's planned reductions in its general radiography systems business.
For the 6 months ended March 27, 2004, revenues totaled $105,531,000 compared to revenues of $99,299,000 in the 6 months ended March 29, 2003. For the 6 months ended March 27, 2004, Hologic recognized net income of $3,629,000, or $0.17 per diluted share, compared with a net loss of $737,000, or $0.04 per diluted share, for the comparable 6-month period in fiscal 2003.
During the current quarter, Hologic installed and recognized as revenue, 35 Selenia full field digital mammography systems. At ...
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Source: HighBeam Research, Imaging company announces increased second-quarter revenues.