Baird Downgrades Varian Medical (VAR) to Neutral
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Varian Medical Systems Announces Preliminary Results for Fiscal Year 2015; Earnings Fell Short of Targets; Fiscal Year 2016 Guidance Given
October 19, 2015 4:05 PM EDTPALO ALTO, Calif., Oct. 19, 2015 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today is announcing that it expects to report lower earnings for fiscal year 2015 than was previously guided in its earnings report for the third quarter of the fiscal year. The company now expects non-GAAP net earnings will be approximately $4.29 per diluted share and that GAAP net earnings will be approximately $4.09 per diluted share. The company continues to expect that revenues for the year will grow by about 2 percent, or 6 percent on a constant currency basis. These preliminary results... More
