Varex Imaging Corporation (VREX) Misses Q3 EPS by 19c
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Varex Announces Financial Results for Third Quarter of Fiscal Year 2020
August 12, 2020 4:05 PM EDTSALT LAKE CITY--(BUSINESS WIRE)-- Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the third quarter of fiscal year 2020.
3QFY20 Summary
Revenues were $171 million GAAP gross margin was 15% | non-GAAP gross margin* was 26% GAAP operating earnings margin was (15.7)% | non-GAAP operating earnings margin* was (0.7)% GAAP net loss was ($0.73) per diluted share | non-GAAP net loss* was ($0.20) per diluted shareDuring the third quarter of fiscal year 2020, the impact of COVID-19 resulted in declining sales and a sizeable unfavorable shift... More
