Varex Announces Financial Results for Second Quarter of Fiscal Year 2020
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Varex Imaging Corporation (VREX) Misses Q2 EPS by 23c, Revenues Miss
May 12, 2020 4:11 PM EDTVarex Imaging Corporation (NASDAQ: VREX) reported Q2 EPS of $0.12, $0.23 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $197 million versus the consensus estimate of $199.89 million.
Summary
2Q20 Revenues were $197 million2Q20 Gross margin was 29% | Adjusted gross margin* was 32%2Q20 Operating earnings margin was 1% | Adjusted operating earnings margin* was 5%2Q20 Net earnings were ($0.05) per diluted share | Adjusted net earnings* were $0.12 per diluted shareDuring the second quarter we began to see the impact of the COVID-19... More
