Varex Imaging jumps after Q4 revenue, profit beat estimates

Varex Imaging

17/11/2021 16:47

** Shares of X-ray products maker  VREX.O  jump 11.8% to
$30.02
    ** Company on Tuesday after market close reported Q4 rev of
$226 mln, beating Refinitiv IBES est of $215.5 mln, driven by
strength in both its medical and industrial units  urn:newsml:reuters.com:*:nBw9HPV5Ga
    ** Reports profit of $8.8 mln vs loss of $26.2 mln a year
earlier, as co recorded lower expenses in the quarter
    ** Co's Q4 adj profit of 45 cents/shr also tops est 37
cents/shr
    ** Co has beat earnings estimates for the past four quarters
as well, according to Refinitiv IBES
    ** Current avg recommendation of 4 analysts on stock is
"buy"; their median PT is $38 - Refinitiv data
    ** YTD, stock up ~80% including session's gains

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))