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Varian Medical Systems (VAR) Surged To A New High On Strong Q1 Earnings

Varian Medical Systems (VAR) reported first quarter EPS of $1.06 after the close Wednesday, up from $0.50 in the prior year period. The consensus estimate was for EPS of $0.93.

Varian Medical Systems gapped up sharply Thursday and climbed until mid-morning. The stock was range-bound for the rest of the session and closed up by 13.96 at $127.01 on the highest volume of the year. Varian Medical Systems surged past resistance and set a new high for the year.

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