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Varex Imaging (NASDAQ:VREX) reported its Q4 earnings results on Tuesday, November 14, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Varex Imaging beat estimated earnings by 28.57%, reporting an EPS of $0.45 versus an estimate of $0.35.
Revenue was down $4.00 million from the same period last year.
Last quarter the company beat on EPS by $0.04 which was followed by a 2.61% drop in the share price the next day.
Here's a look at Varex Imaging's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.18 | 0.20 | 0.36 |
| EPS Actual | 0.37 | 0.26 | 0.21 | 0.42 |
| Revenue Estimate | 229.90M | 215.13M | 205.35M | 223.27M |
| Revenue Actual | 232.20M | 228.20M | 205.60M | 231.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Varex Imaging management provided guidance for Q1 2024, expecting earnings between $0.0 and $0.2 per share.
To track all earnings releases for Varex Imaging visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: VREX
