WASHINGTON (dpa-AFX) - Varian Medical Systems (VAR) Wednesday reported second-quarter net earnings of $112.8 million or $1.02 per share, up from $107.8 million or $0.94 per share last year.
On average, 14 analysts polled by Thomson Reuters expected the company to earn $1.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter grew to $768.4 million from $720.3 million last year. Analysts estimated revenues of $758.02 million for the quarter.
Looking forward to the third quarter, Varian expects earnings of $0.98 to $1.02 per share and revenues to increase by about 7 percent. Analysts currently expect earnings of $1.05 per share on revenues of $768.47 million for the quarter.
For the fiscal year, the company said it continues to believe that revenues could increase by about 8 percent and earnings could be in the range of $4.09 to $4.14 per share. Analysts currently expect the company to earn $4.12 per share on revenue of $3.04 billion for the fiscal year 2013.
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