Varex Imaging Corporation (VREX) Misses Q1 EPS by 4c

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Go back to Varex Imaging Corporation (VREX) Misses Q1 EPS by 4c

Varex Announces Financial Results for First Quarter of Fiscal Year 2020

February 11, 2020 4:01 PM EST

SALT 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 share

We 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