Varian Medical Systems (VAR) Misses Q4 EPS by 4c, Offers Guidance

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Varian Reports Results for Fourth Quarter and Full Fiscal Year 2018

October 23, 2018 4:06 PM EDT

PALO ALTO, Calif., Oct. 23, 2018 /PRNewswire/ --

Fourth Quarter 2018 Summary        Oncology gross orders grew 13% in dollars, or 14% in constant currency        84 Halcyon orders in the quarter        Total company revenues of $802 million grew 11%, or 12% in constant currency        GAAP operating earnings grew 29% at 16.8% of revenues; Non-GAAP operating earnings grew 14% at 17.8% of revenues        GAAP net earnings per diluted share from continuing operations of $1.26; Non-GAAP net earnings per diluted share from continuing operations of $1.16

Fiscal Year 2018 Summary        Oncology gross orders grew 9%, or 8% in constant currency        Added 224 linear accelerators to the installed base which is now greater than 8,000 units        Total company revenues of $2.9... More