Varex Expects Q4 Revenues To Be $190M - $210M (Est $211.15M), Adj EPS To Be $0.00 - $0.15 (Est $0.22); Company Says Outlook Reflects Challenging Market Conditions
Portfolio Pulse from Benzinga Newsdesk
Varex Imaging Corporation (VREX) has provided its Q4 revenue guidance, expecting between $190M and $210M, which is below the estimated $211.15M. The company also forecasts adjusted EPS to be between $0.00 and $0.15, compared to the estimated $0.22. The outlook reflects challenging market conditions.
August 01, 2024 | 9:15 pm
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Varex Imaging Corporation (VREX) has issued a Q4 revenue guidance of $190M-$210M, below the estimated $211.15M. The company also expects adjusted EPS to be between $0.00 and $0.15, compared to the estimated $0.22. The outlook reflects challenging market conditions.
The revenue and EPS guidance provided by Varex Imaging is below market expectations, which is likely to negatively impact the stock price in the short term. The company's acknowledgment of challenging market conditions further supports a bearish outlook.
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