Varex Imaging Corporation (VREX) Misses Q1 EPS by 4c
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Varex Announces Financial Results for First Quarter of Fiscal Year 2020
February 11, 2020 4:01 PM ESTSALT LAKE CITY--(BUSINESS WIRE)-- Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the first quarter of fiscal year 2020.
1QFY20 Highlights
Revenues were $200 million Gross margin was 31% | Adjusted gross margin* was 33% Net earnings were $(0.03) per diluted share | Adjusted net earnings were $0.21 per diluted shareWe had strong revenue growth in the first quarter driven by higher global sales of CT tubes and products for oncology, dental and airport baggage screening applications. Partially offsetting this were lower sales of radiographic digital... More
