Varian Medical Systems Inc gives Q1 2016 guidance; EPS guidance below analysts' estimates; gives FY 2016 guidance in line with analysts' estimates
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.
Latest Developments forVarian Medical Systems Inc
- Varian Medical Systems signs brachytherapy applicator distribution agreement with Bionix Radiation Therapy
- Varian sees Q4 non-GAAP earnings per share $1.15-$1.23 from continuing operations
- Varian Medical Systems Q3 non-GAAP earnings of $1.04 per share
- Varian Medical signs agreement with Vijametech and UPMC