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Varian Medical Systems Inc gives Q1 2016 guidance; EPS guidance below analysts' estimates; gives FY 2016 guidance in line with analysts' estimates


Wednesday, 28 Oct 2015 04:05pm EDT 

Varian Medical Systems Inc:Says FY 2016 total company non-GAAP earnings will be in the range of $4.45 to $4.55 per diluted share and revenues will increase by about 4 to 5 percent on a reported basis.Expects Q1 2016 revenues to be roughly even with the year-ago quarter in dollars.Expects Q1 2016 non-GAAP earnings to be in the range of $0.88 to $0.92 per diluted share.Reported revenue of $737.9 million in Q1 2015 and $3.10 billion in FY 2015.Q1 2016 revenue of $748 million and EPS of $1.00 - Thomson Reuters I/B/E/S.FY 2016 revenue of $3.23 billion and EPS of $4.51 - Thomson Reuters I/B/E/S.