WASHINGTON (dpa-AFX) - Varian Medical Systems (VAR) reported second-quarter net earnings of $107.8 million or $0.94 per share, up from $103.1 million or $0.86 per share last year.
On average, 13 analysts polled by Thomson Reuters expected earnings of $0.96 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter rose 11 percent to $720.3 million from $648.4 million a year ago.
Analysts expected revenues of $699.90 million for the quarter.
Looking ahead, the company expects earnings in the range of $3.76 to $3.84 per share and a 10 percent increase in revenues for the fiscal 2012.
Analysts currently expect earnings of $3.96 per share for the fiscal 2012.
For the third quarter, the company expects to earn between $0.91 and $0.95 per share on a 9-10 percent rise in revenues over the prior-year third quarter.
Analysts expect the company to earn $1.02 per share in the third quarter.
Copyright RTT News/dpa-AFX
© 2012 AFX News
