Varex Imaging (NASDAQ:VREX) reported its Q2 earnings results on Tuesday, May 3, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Varex Imaging beat estimated earnings by 60.87%, reporting an EPS of $0.37 versus an estimate of $0.23.
Revenue was up $11.20 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 8.08% drop in the share price the next day.
Here's a look at Varex Imaging's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.37 | 0.27 | 0.16 |
| EPS Actual | 0.25 | 0.45 | 0.40 | 0.35 |
| Revenue Estimate | 208.27M | 215.50M | 205.14M | 186.10M |
| Revenue Actual | 198.80M | 226.30M | 211.20M | 203.50M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Varex Imaging management provided guidance for Q3 2022, expecting earnings between $0.1 and $0.3 per share.
To track all earnings releases for Varex Imaging visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
