Varex Imaging Corporation (NASDAQ: VREX) saw its stock soar 5.08% in the intraday trading session on Thursday, following the company's better-than-expected earnings report for the first quarter of fiscal 2025.
The medical imaging technology company reported adjusted earnings per share of $0.07, surpassing analysts' consensus estimate of $0.04 by a significant margin of 75%. This marked a 16.67% increase from the same period last year, indicating improved profitability.
However, Varex Imaging's quarterly sales of $199.80 million narrowly missed the analyst consensus estimate of $202.15 million by 1.16%. Nevertheless, the company's sales grew by 5.16% compared to the same quarter last year, showcasing steady revenue growth.
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