Varex Imaging Corporation Shares Up 12% on Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/VREX'>Varex Imaging Corporation (NASDAQ:VREX) </a>were trading 12% higher Wednesday afternoon, following the company’s Q4 results, with revenue growth of 7% to $226 million, beating the consensus estimate of $215 million estimates.</p> <p>The beat was driven by earlier-than-expected material delivery, strong demand in nearly all verticals, partially offset by worsening supply constraints. Medical rose 8% on CT tube demand, with oncology, radiographic, dental, mammography seeing growth, while fluoroscopy flat on shipment timing. Industrial rose 4% as non-destructive testing was strong in battery, oil & gas. Security screening and baggage remained soft but are improving.
The company expects Q1/22 revenue to range from $200 million to $220 million, compared to the consensus estimate of $192 million.  </p>

NASDAQ:VREX