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Varex Announces Financial Results for First Quarter Fiscal Year 2021


Press release content from Business Wire. The AP news staff was not involved in its creation.
Varex Announces Financial Results for First Quarter Fiscal Year 2021
February 4, 2021 GMT
SALT LAKE CITY (BUSINESS WIRE) Feb 4, 2021
Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the first quarter of fiscal year 2021.
1QFY21 Summary
GAAP operating expense $51 million | Non-GAAP operating expense $46 million
GAAP operating margin 3% | Non-GAAP operating margin 8%
GAAP net earnings $(0.16) per diluted share | Non-GAAP net earnings $0.08 per diluted share
“Our financial results for the first quarter of fiscal year 2021 were stronger than our expectations,” said Sunny Sanyal, Chief Executive Officer of Varex. ....

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