Varex Announces Financial Results for Second Quarter Fiscal Year 2021
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Varex Imaging (VREX) PT Raised to $42 at Oppenheimer
May 5, 2021 6:31 AM EDTOppenheimer analyst Suraj Kalia raised the price target on Varex Imaging (NASDAQ: VREX) to $42.00 (from $41.00) while maintaining an Outperform rating.
The analyst commented, "Varex's F2Q21 revenue rose 15% sequentially, to $204M, back to pre-COVID-19 levels ($200M/quarter), handily beating both our $185M,... More
Varex Imaging Corporation (VREX) Tops Q2 EPS by 19c, Revenues Beat; Offers 3Q Revenues Guidance Above Consensus, 3Q EPS Mid-Point View Above Consensus
May 4, 2021 4:30 PM EDTVarex Imaging Corporation (NASDAQ: VREX) reported Q2 EPS of $0.35, $0.19 better than the analyst estimate of $0.16. Revenue for the quarter came in at $204 million versus the consensus estimate of $186.1 million.
2QFY21 Summary
Revenues $204 millionGAAP gross margin 32% | Non-GAAP gross margin* 35%GAAP operating expense $49 million | Non-GAAP... More