Varex Imaging rises as Q4 profit, revenue beat expectations

Varex Imaging

19/11/2024 21:34

** Shares of Varex Imaging  RIC  up 5.1% at $15.30 in
extended trading
    ** Co's Q4 adj. profit of 19 cents tops expectations of 9
cents, according to data compiled by LSEG
    ** Q4 revenue of $205.7 mln beats estimates of $199.4 mln
    ** Strength in industrial segment helps soften the blow from
a 12% year-over-year decline in its medical segment in Q4
    ** Expects Q1 revenue between $195 million and $215 million,
and adj. net earnings in the range of a loss of 5 cents to a
profit of 10 cents
    ** YTD, stock down 31% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))