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VREX - Varex Imaging News Story

$16.6 0.2  1.3%

Last Trade - 10/08/20

Mid Cap
Market Cap £490.7m
Enterprise Value £776.7m
Revenue £610.1m
Position in Universe 2732nd / 6393

BUZZ-Varex Imaging Corp: Slides as co misses Q2 profit estimate, pulls outlook

Wed 13th May, 2020 6:20pm
** Shares of X-ray imaging component maker  VREX.O  slip
~30% to $17.6
    ** VREX misses profit est for second straight qtr -
Refinitiv data
    ** Co hurt by weakness in industrial segment
    ** Oil price decline and economic impact of COVID-19 led to
lower sales of products for cargo screening and non-destructive
inspection applications - CEO
    ** Withdraws FY 2020 outlook in the wake of uncertainty
surrounding the pandemic*:nBw2h4nBQa
    ** Stock among worst performers across U.S. exchanges 
    ** Including session's losses, VREX down ~41% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
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