Cytyc Corporation Reports Record Revenue of $188.8 Million for Second Quarter 2007

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Cytyc Corporation (Nasdaq: CYTC) today announced results for the second quarter ended June 30, 2007. Revenue for the quarter ended June 30, 2007, rose 26 percent to $188.8 million compared to revenue of $150.4 million for the same period of 2006. Reported net income for the quarter was $33.5 million, or $0.27 per diluted share, which includes a net of tax charge of $4.4 million related to costs associated with the Company’s proposed merger with Hologic, Inc. Excluding this charge, adjusted net income was $37.9 million, or $0.31 per diluted share. This compares with reported net income for the same period in 2006 of $31.7 million, or $0.27 per diluted share, a 20 percent increase in adjusted net income.

MORE ON THIS TOPIC