Varian Medical Systems (VAR) Tops Q4 EPS by 4c; Guides Q1 EPS Modestly Below Views
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Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2016
October 26, 2016 4:02 PM EDTPALO ALTO, Calif., Oct. 26, 2016 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today is reporting GAAP net earnings of $1.24 per diluted share and non-GAAP net earnings of $1.38 per diluted share for the fourth quarter of fiscal year 2016. For the full fiscal year 2016, GAAP net earnings were $4.19 per diluted share, and non-GAAP net earnings were $4.68 per diluted share. Varian's revenues totaled $912 million for the fourth quarter of fiscal year 2016, up 12 percent in dollars from the year-ago quarter and up 11 percent in constant currency. Varian's revenues for the full fiscal year were $3.2 billion, up... More
