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Varian Medical Systems Bottom Line Advances In Q1

Varian Medical Systems (VAR) revealed earnings for its first quarter that gained ground from last year.

The company said its bottom line totaled $98.4 million, or $1.06 per share. This was up from $47.5 million, or $0.50 per share, in last year's first quarter.

The company said revenue for the quarter rose 12.8% to $678.5 million. This was up from $601.5 million last year.

Varian Medical Systems earnings at a glance:

-Earnings (Q1): $98.4 Mln. vs. $47.5 Mln. last year.
-Earnings Growth (Y-o-Y): 107.2%
-EPS (Q1): $1.06 vs. $0.50 last year.
-EPS Growth (Y-o-Y): 112.0%
-Revenue (Q1): $678.5 Mln vs. $601.5 Mln last year.
-Revenue Change (Y-o-Y): 12.8%

Full year EPS guidance: $4.24 to $4.36

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