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:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.18 | 0.20 | 0.36 |
| EPS Actual | 0.37 | 0.26 | 0.21 | 0.42 |
| Revenue Estimate | 229.90M | 215.13M | 205.35M | 223.27M |
| Revenue Actual | 232.20M | 228.20M | 205.60M | 231.40M |
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.
