BUZZ-Varex Imaging rises as Q4 profit, revenue beat expectations

Reuters

2024-11-20

** Shares of Varex Imaging up 5.1% at $15.30 in extended trading

** Co's Q4 adj. profit of 19 cents tops expectations of 9 cents, according to data compiled by LSEG

** Q4 revenue of $205.7 mln beats estimates of $199.4 mln

** Strength in industrial segment helps soften the blow from a 12% year-over-year decline in its medical segment in Q4

** Expects Q1 revenue between $195 million and $215 million, and adj. net earnings in the range of a loss of 5 cents to a profit of 10 cents

** YTD, stock down 31% as of last close

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

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