Varex Announces Financial Results for First Quarter Fiscal Year 2021
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Varex Imaging Corporation (VREX) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
February 4, 2021 4:33 PM ESTVarex Imaging Corporation (NASDAQ: VREX) reported Q1 EPS of $0.08, $0.11 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $177.1 million versus the consensus estimate of $172.1 million.
1QFY21 Summary
Revenues $177 millionGAAP gross margin 32% | Non-GAAP gross margin* 34%GAAP operating expense $51 million | Non-GAAP operating expense* $46 millionGAAP operating margin 3% | Non-GAAP operating margin* 8%GAAP net earnings $(0.16) per diluted share |... More