Varex Imaging Corporation (VREX) Misses Q2 EPS by 23c, Revenues Miss
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Varex Announces Financial Results for Second Quarter of Fiscal Year 2020
May 12, 2020 4:01 PM EDTSALT LAKE CITY--(BUSINESS WIRE)-- Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2020. Varex also announced the withdrawal of its previously issued guidance for fiscal year 2020 due to the significant uncertainty surrounding the COVID-19 pandemic and its impact on the companys business and the global economy.
Summary
2Q20 Revenues were $197 million 2Q20 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... More