Varex Imaging: Q2 Earnings Insights

Varex Imaging VREX reported its Q2 earnings results on Tuesday, May 2, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Varex Imaging beat estimated earnings by 44.44%, reporting an EPS of $0.26 versus an estimate of $0.18.

Revenue was up $13.50 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 12.47% drop in the share price the next day.

Here's a look at Varex Imaging's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.20	0.36	0.24	0.23
EPS Actual	0.21	0.42	0.37	0.37
Revenue Estimate	205.35M	223.27M	206.80M	205.25M
Revenue Actual	205.60M	231.40M	214.50M	214.70M

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).

Varex Imaging management provided guidance for Q3 2023, expecting earnings between $0.2 and $0.4 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.