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New Imaging Systems Fuel Hologic's Growth.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Juan Carlos Arancibia
Hologic may have started building a handle after the stock formed a cup pattern for 13 weeks. Shares are approaching a high of 49.50 set way back in September 1996.
The company makes digital imaging systems for medical diagnoses. Its digital mammography system, which can do 30% more breast scans in the same time as older systems, is generating strong sales.
In the March-ended quarter, earnings per share rose 125%, continuing a heady pace. In the previous four quarters, earnings growth ranged from 85% to 500%. After-tax margin in the latest period was the best in at least seven quarters.
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