Hologic Inc.'s (Nasdaq:HOLX) Shares Drop on Lowered Earnings Outlook

Shares of Hologic Inc. (Nasdaq:HOLX) dropped in after-hours trading, as the company lowered their earnings outlook to levels below what analysts were looking for.

Hologic, which makes x-ray systems, cut their earnings outlook for the second quarter to $0.28. Analysts are looking for earnings of $0.30 a share.

Earnings for the company in the fiscal first quarter dropped 58 percent, although revenue was able to beat expectations rising 4.9 percent to $432.6 million in the first quarter.

After guidance for the current quarter was lower than expected, Hologic dropped to $19.64, losing $0.28, or 1.41 percent.