April 28, 2010 / 8:54 PM / 9 years ago

UPDATE 1-Varian Q2 profit beats Street, ups 2010 view

* Q2 EPS $0.73 beats Street by 5 cents

* Revenue rises 6 pct to $585.6 mln

* Raises 2010 EPS view to $2.82 to $2.88

April 28 (Reuters) - Varian Medical Systems Inc (VAR.N) posted a better-than-expected quarterly profit, helped by higher revenue from international regions, and raised its 2010 outlook.

For the second quarter, the company, which provides software and equipment for cancer clinics, reported net income from continuing operations of $91.1 million, or 73 cents a share, compared with $79.3 million, or 64 cents a share, a year ago. Revenue rose 6 percent to $585.6 million.

Analysts on average expected earnings of 68 cents a share, on revenue of $579.4 million, according to Thomson Reuters I/B/E/S.

Revenue from products and services for radiotherapy, radiosurgery and brachytherapy rose 4 percent to $465 million, while sales of X-ray tubes and digital detectors for filmless imaging rose 19 percent to $102 million.

The company forecast fiscal 2010 earnings of $2.82 to $2.88 a share. Wall Street is expecting $2.84 a share.

Varian Medical Systems said 2010 revenue could grow by about 6 to 7 percent.

It had earlier forecast 2010 earnings of $2.76 to $2.83 a share, and said revenue could grow by about 6 percent.

Shares of the company closed at $55.82 Wednesday on the New York Stock Exchange. (Reporting by Anand Basu in Bangalore; Editing by Aradhana Aravindan)

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