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Varian Medical Systems Inc. Lowers FY 2012 Revenue Guidance; Adjusts FY 2012 EPS Guidance To A Range Below Analysts' Estimates


Wednesday, 25 Jul 2012 04:00pm EDT 

Varian Medical Systems Inc. announced that with tremendous movements in currency exchange rates, particularly the substantial weakening of the Euro, it is adjusting outlook for fiscal 2012. Compared with fiscal 2011 totals, the Company now expects revenues could increase by about 8% and net earnings per diluted share from continuing operations could grow by 8% to 9%. The Company reported revenues of $2.597 billion and EPS $3.44 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $2.842 billion and EPS of $3.79 for fiscal 2012. 

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