* Full-year profit growth lowered to about 8 pct
* Revenue growth forecast for 2012 cut to 8-9 pct
* Shares unchanged
July 25 Varian Medical Systems posted a
higher than expected quarterly profit, but lowered its outlook
for the full year, citing volatile currency exchange rates,
particularly weakness in the Euro.
Net income for Varian's fiscal third quarter rose 10 percent
to $108.8 million. Earnings per share was 96 cents, beating the
consensus analyst estimate of 93 cents, according to Thomson
Revenue rose 9 percent to $705 million.
For the full fiscal year, Varian said it expects revenue to
increase by about 8 percent year-over-year, while net profits
were projected to rise by between 8 percent and 9 percent.
Previously, the company had projected full-year revenue
growth of about 10 percent and earnings growth of 9 percent to
Shares of Varian, which closed at $57.31, were unchanged