Varex Imaging Corp (VREX) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $6.9 million, or $0.17 per share. This compares with $1.4 million, or $0.03 per share, last year.
Excluding items, Varex Imaging Corp reported adjusted earnings of $0.26 per share for the period.
Analysts on average had expected the company to earn $0.14 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.2% to $212.9 million from $206.2 million last year.
Varex Imaging Corp earnings at a glance (GAAP) :
-Earnings: $6.9 Mln. vs. $1.4 Mln. last year.
-EPS: $0.17 vs. $0.03 last year.
-Revenue: $212.9 Mln vs. $206.2 Mln last year.
-Guidance:
Next quarter EPS guidance: -$0.05 - $0.10
Next quarter revenue guidance: $180 - $200 Mln
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