Varex Imaging VREX reported its Q2 earnings results on Tuesday, May 2, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Varex Imaging beat estimated earnings by 44.44%, reporting an EPS of $0.26 versus an estimate of $0.18.
Revenue was up $13.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 12.47% drop in the share price the next day.
Here's a look at Varex Imaging's past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.20 | 0.36 | 0.24 | 0.23 |
| EPS Actual | 0.21 | 0.42 | 0.37 | 0.37 |
| Revenue Estimate | 205.35M | 223.27M | 206.80M | 205.25M |
| Revenue Actual | 205.60M | 231.40M | 214.50M | 214.70M |
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.20 | 0.36 | 0.24 | 0.23 |
| EPS Actual | 0.21 | 0.42 | 0.37 | 0.37 |
| Revenue Estimate | 205.35M | 223.27M | 206.80M | 205.25M |
| Revenue Actual | 205.60M | 231.40M | 214.50M | 214.70M |
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 Q3 2023, expecting earnings between $0.2 and $0.4 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.
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