Varex tumbles after weak Q2 profit forecast

Varex Imaging

07/02/2025 19:14

** X-Ray imaging maker Varex's  VREX.O  shares fall 19.8% to
$12.20
    ** On Thursday, co forecast Q2 adj profit to be between 5
cents/shr and 20 cents/shr, midpoint of which is below analysts'
est of 14 cents/shr- LSEG
    ** Co forecast Q2 rev to be between $200 million and $215
million, vs analysts' estimates $203.6 million — LSEG
    ** Co posted Q1 rev of $200 million, missing analysts' est
of $202 million
    ** However, co reported Q1 adj profit of 7 cents/shr, above
analysts' est of 4 cents/shr
    ** Stock fell 42% in 2024

    

 (Reporting by Padmanabhan Ananthan in Bengaluru)
 ((Padmanabhan.Ananthan@thomsonreuters.com))