Varex Imaging: Q2 Earnings Insights

Varex Imaging 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.

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.

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).

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.

Earnings Calendar