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Hologic (HOLX) Stock Advances on Solid Q2 Results, Outlook

NEW YORK (TheStreet) -- Shares of Hologic (HOLX) are climbing 2.77% to $38.23 late Thursday morning after the company reported earnings and revenue that beat analysts' estimates for the 2016 fiscal third quarter.

After yesterday's market close, the Marlborough, MA-based medical device company reported adjusted earnings of 51 cents per share, higher than analysts' expectations of 48 cents per share.

Revenue increased 3.4% to $717.4 million year-over-year and was above analysts' projections of $704.3 million.

"Despite difficult...