Varex Imaging (NASDAQ:VREX) reported its Q4 earnings results on Tuesday, November 14, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Varex Imaging beat estimated earnings by 28.57%, reporting an EPS of $0.45 versus an estimate of $0.35.

Revenue was down $4.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 2.61% drop in the share price the next day.

Here's a look at Varex Imaging's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Varex Imaging management provided guidance for Q1 2024, expecting earnings between $0.0 and $0.2 per share.

To track all earnings releases for Varex Imaging visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.