Varex rises on upbeat results

Varex Imaging

16/11/2022 16:22

** Shares of X-ray component manufacturer Varex Imaging Corp
 VREX.O  up 2% at $22.51 
    ** Co reports Q4 revenue of $231.4 mln vs analysts' estimate
of $223.28 mln, helped by strong demand for its products amid
supply chain disruptions
    ** VREX says supplier diversification efforts allowed it to
convert more orders into sales
    ** Revenue from industrial segment rose 9% while medical
segment sales remained flat
    ** Co reports net income of 42 cents/shr in the quarter vs
mean estimate of 36 cents/shr - Refinitiv data
    ** Including session gains, stock down 26.9% YTD
 (Reporting by Aditya Samal)
 ((Aditya.Samal@thomsonreuters.com;))