Varex Q4 Adj. EPS $0.45 vs $0.35 Est., Revenue $227M vs $232.33M Est.
Portfolio Pulse from Benzinga Newsdesk
Varex Imaging Corporation reported its Q4 adjusted earnings per share (EPS) at $0.45, which is higher than the estimated $0.35. However, the company's revenue for the quarter was $227 million, falling short of the expected $232.33 million.
November 14, 2023 | 9:14 pm
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NEUTRAL IMPACT
Varex Imaging Corporation exceeded EPS estimates for Q4 but underperformed on revenue expectations.
The mixed results with an EPS beat and a revenue miss could lead to neutral market sentiment in the short term. Investors may be pleased with the higher profitability but concerned about the revenue shortfall, which could balance out the stock's movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100