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Varian Medical Systems Q2 adjusted earnings Beat Estimates

Varian Medical Systems (VAR) announced earnings for its second quarter that advanced from last year.

The company's bottom line totaled $73.2 million, or $0.79 per share. This compares with $56.3 million, or $0.60 per share, in last year's second quarter.

Excluding items, Varian Medical Systems reported adjusted earnings of $106.7 million or $1.15 per share for the period.

Analysts had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $729.9 million from $663.2 million last year.

Varian Medical Systems earnings at a glance:

-Earnings (Q2): $106.7 Mln. vs. $84.5 Mln. last year.
-EPS (Q2): $1.15 vs. $0.90 last year.
-Analysts Estimate: $1.04
-Revenue (Q2): $729.9 Mln vs. $663.2 Mln last year.

Full year EPS guidance: $4.43 to $4.53

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