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

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Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2015

October 28, 2015 4:06 PM EDT

PALO ALTO, Calif., Oct. 28, 2015 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today is reporting non-GAAP net earnings of $1.04 per diluted share and GAAP earnings of $0.99 per diluted share for the fourth quarter of fiscal year 2015.  For the full fiscal year 2015, non-GAAP earnings were $4.29 per diluted share, and GAAP earnings were $4.09 per diluted share. Varian's revenues totaled $818 million for the fourth quarter of fiscal year 2015, up 1 percent from the year-ago quarter and up 6 percent in constant currency. Varian's revenues for the full fiscal year were $3.1 billion, up 2 percent versus fiscal year... More