Morning Commentary: Hologic sees continued revenue growth, bonds move; Peabody inching up

By Stephanie N. Rotondo

Phoenix, July 30 – More earnings were pushing around convertible bonds in early Thursday trading.

Hologic Inc.’s 0% convertible notes due 2043 were trading actively as the session began, with one trader placing the notes at 125.

The issue becomes callable in 2017, he said, and parity is 108.

As for the stock (Nasdaq: HOLX), it was up $3.91, or 10.28%, at $41.92 at mid-morning.

Hologic reported its fiscal third-quarter results after the close on Wednesday, showing a 10% gain in revenue – the third consecutive quarter of revenue growth.

As such, the company also upped its revenue guidance for the year.

Away from earnings, Peabody Energy Corp.’s 4.75% convertible notes due 2066 were ticking higher, though a trader was not sure what was causing the gains.

He quoted the issue at 11.25 bid, 11.5 offered, up from 10.75 previously.

However, the stock (NYSE: BTU) was softening, slipping a penny to $1.21.

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