Varex Imaging Corporation (VREX) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
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Varex Announces Financial Results for First Quarter Fiscal Year 2021
February 4, 2021 4:05 PM ESTSALT LAKE CITY--(BUSINESS WIRE)-- Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the first quarter of fiscal year 2021.
1QFY21 Summary
Revenues $177 million GAAP gross margin 32% | Non-GAAP gross margin* 34% GAAP operating expense $51 million | Non-GAAP operating expense* $46 million GAAP operating margin 3% | Non-GAAP operating margin* 8% GAAP net earnings $(0.16) per diluted share | Non-GAAP net earnings* $0.08 per diluted shareOur financial results for the first quarter of fiscal year 2021 were stronger than our expectations, said Sunny Sanyal, Chief Executive Officer of... More
