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Shares of Varex Imaging (NASDAQ:VREX) moved higher by 3.5% in after-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 61.90% year over year to $0.08, which beat the estimate of ($0.03).
Revenue of $177,100,000 decreased by 11.49% year over year, which beat the estimate of $172,100,000.
Outlook
Varex Sees Q2 EPS $0.05-$0.25 Vs. $0.04 Est., Sales $180M-$200M Vs. $178.44M Est.
Details Of The Call
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Date: Feb 04, 2021
Time: 05:00 PM
ET Webcast URL: https://investors.vareximaging.com/news-and-events/events-and-presentations/event-details/2021/Varex-1QFY21-Earnings-Call-/default.aspx
Recent Stock Performance
Company's 52-week high was at $28.98
52-week low: $10.37
Price action over last quarter: Up 40.57%
Company Overview
Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys among others. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors and high voltage connectors among others. It has manufacturing, research, and development operation in the United States, Europe, Philippines and China, and sales and service operations throughout the world.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.