Varex Imaging Expects Q3 Revenues Of $200M-$220M (Est $224.50M), Adj EPS Of $0.05-$0.25 (Est $0.33)
Portfolio Pulse from Benzinga Newsdesk
Varex Imaging anticipates Q3 revenues to be between $200M-$220M, falling short of the estimated $224.50M. The company also expects adjusted EPS to range from $0.05 to $0.25, below the estimated $0.33.
May 02, 2024 | 9:49 pm
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NEGATIVE IMPACT
Varex Imaging's Q3 revenue and adjusted EPS projections are below analysts' expectations, indicating potential short-term pressure on the stock.
Varex Imaging's announcement of lower-than-expected revenue and adjusted EPS for Q3 suggests potential underperformance compared to market expectations. This typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100