Varian Associates (VAR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Varian Associates (VAR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JCKnight	7/27/2005 5:02:51 PM
	Read Replies (1) of 203

July 27 /PRNewswire-FirstCall/ -- Varian Medical Systems VAR today is reporting results for the third quarter of fiscal 2005 with net earnings of $0.37 per diluted share, up 23 percent from $0.30 per diluted share for the year-ago period. Net earnings were $51 million versus $43 million for the year-ago period. The company achieved third quarter revenues of $347 million, up 14 percent versus the year-ago quarter. Net orders for the third quarter were $373 million, up 14 percent from the year-ago period. Backlog at the end of the quarter stood at $1,077 million, up 19 percent from the same time last fiscal year. Performance for the first three quarters of the fiscal year continues to lead us to expect that earnings per diluted share for fiscal year 2005 should be about 26 percent over our earnings of $1.18 per diluted share in fiscal year 2004, said Levy. Backlog grew at a substantially faster rate than revenues during the quarter and for the year to date as a result of longer delivery schedules and revenue deferrals related to new product rollouts. From analyzing this backlog, we expect that revenues for fiscal year 2005 will rise by about 12 percent over the fiscal 2004 total.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next