Varian Medical Systems Reports 27% Advance In Q4 Profit

(RTTNews) - Varian Medical Systems (VAR) reported earnings for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line came in at $130.8 million, or $1.38 per share. This was up from $103.2 million, or $1.04 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.6% to $912.5 million. This was up from $817.8 million last year.

Varian Medical Systems earnings at a glance:

-Earnings (Q4): $130.8 Mln. vs. $103.2 Mln. last year. -Earnings Growth (Y-o-Y): 26.7% -EPS (Q4): $1.38 vs. $1.04 last year. -EPS Growth (Y-o-Y): 32.7% -Analysts Estimate: $1.34 -Revenue (Q4): $912.5 Mln vs. $817.8 Mln last year. -Revenue Change (Y-o-Y): 11.6%

-Guidance: Next quarter EPS guidance: $1.03 - $1.07