Varian Inc. (VARI) posted fourth quarter net income of $1.9 million or $0.07 per share, compared to $20.3 million or $0.69 per share in the same period last year. Adjusted earnings for the period was $11.5 million or $0.40 per share, compared to $23.0 million or $0.78 per share in the same quarter last year.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share. Analysts' estimates typically exclude special items.
Revenues for the period were $196.5 million, compared to $282.4 million in the year-ago period. Six Wall Street analysts expected revenues of $225.62 million.
For comments and feedback: editorial@rttnews.com