Varex Imaging First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Varex Imaging (NASDAQ:VREX) First Quarter 2024 Results
Key Financial Results
Revenue: US$190.0m (down 7.6% from 1Q 2023).
Net loss: US$500.0k (down by 116% from US$3.10m profit in 1Q 2023).
US$0.012 loss per share (down from US$0.077 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Varex Imaging Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.9% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 8.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Varex Imaging (of which 1 can't be ignored!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
