Rayno Diagnostics and Tools: Hologic Beats Q1 Sales and EPS

Lyrica 150 mg purchase http://truecom.com/component/content/37-producten/home/48-contact/component/user/draadloos/over-ons/oplossingen/wlan/oplossingen/draadloos/home/over-ons Hologic, Inc. (HOLX) Beats: Revenues Increased 3.2% and GAAP diluted Earnings Increased 666.7% Compared to Prior Year Period (fiscal Q2)

  • The base business grew 5.4% lead by molecular diagnostics, surgical and international franchises.Restructuring completed.
  • The newly acquired Cynosure business grew by 5.7%; blood screening business of $38.4M was divested.
  • GAAP Revenues were $715.4M with diluted EPS of $1.84.
  • Molecular Diagnostics revenues were $142.1M an increase of 12.6%.
  • GYN Surgical revenues were $101.1 an increase of 11.2%.
  • Gross margin was 54.3% on a GAAP basis.

enter site The stock closed down 2% AH to $45. HOLX was added to the Rayno Diagnostics Portfolio on December 20, 2016 at a price of $40.

Foundation Medicine, Inc (FMI) Announced Earnings Yesterday

  • Clinical Test volume grew 55% YoY with Revenues of $26.3M but revenue declined from $30.4M.
  • A collaboration agreement with Bristol MyersSquibb was announced in immuno-oncology.
  • Revenue Outlook for 2017 has not changed at $135-145M.
  • Net loss was $1.31 share and the Company has about $99M in cash.

zyprexa velotab 7 5mg The FMI stock closed down 5.44% to $34.15. We added FMI stock to the Rayno Diagnostic and Tools Portfolio on July 5, 2016 at a price of $20.5. Roche (RHHBY) owns a major equity position. The stock can be quite volatile with a 2017 range of $19.55 to $35. The short position is 24.5% of float.

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