Varex Imaging Q2 2024 Adj EPS $0.16 Misses $0.21 Estimate, Sales $206.200M Beat $205.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Varex Imaging (NASDAQ:VREX) reported Q2 2024 earnings of $0.16 per share, missing the $0.21 estimate, and sales of $206.2M, slightly above the $205.15M estimate. Earnings per share decreased by 38.46% and sales by 9.64% compared to the same period last year.
May 02, 2024 | 8:38 pm
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NEGATIVE IMPACT
Varex Imaging's Q2 2024 earnings missed estimates with $0.16 EPS against a $0.21 expectation, while sales slightly exceeded forecasts at $206.2M. Year-over-year, earnings and sales saw significant declines.
The missed earnings estimate and the year-over-year decrease in both earnings and sales are likely to negatively impact investor sentiment towards VREX in the short term. Although the slight beat on sales provides a positive note, the significant decrease in earnings is a strong negative signal that could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100