Varian Medical Systems (VAR) Misses Q4 EPS by 6c, Revenue Beats, Offers Q1 & FY16 Outlook

Varian Medical Systems (NYSE: VAR) reported Q4 EPS of $1.04, $0.06 worse than the analyst estimate of $1.10. Revenue for the quarter came in at $817.8 million versus the consensus estimate of $813.18 million.

Varian Medical Systems sees FY2015 EPS of $4.45-$4.55, versus the consensus of $4.51.

Varian Medical Systems sees Q1 2016 EPS of $0.88-$0.92, versus the consensus of $1.00.

"We believe that for fiscal year 2016 total company non-GAAP earnings will be in the range of $4.45 to $4.55 per diluted share and revenues will increase by about 4 to 5 percent on a reported basis," said Wilson. "For the first quarter of fiscal year 2016, we expect revenues to be roughly even with the year-ago quarter in dollars. With ongoing challenges experienced by Imaging Components in the second half of fiscal year 2015 as well as the effect of year-over-year changes in currency exchange rates, we expect non-GAAP earnings for the first quarter of fiscal year 2016 to be in the range of $0.88 to $0.92 per diluted share."

For earnings history and earnings-related data on Varian Medical Systems (VAR) click here.

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