Varian Medical Systems Q3 Profit Advances 5%

(RTTNews) - Varian Medical Systems (VAR) announced earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $154.2 million, or $1.22 per share. This was up from $146.9 million, or $1.15 per share, in last year's third quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.7% to $789.4 million. This was up from $784.0 million last year.

Varian Medical Systems earnings at a glance:

-Earnings (Q3): $154.2 Mln. vs. $146.9 Mln. last year. -Earnings Growth (Y-o-Y): 5.0% -EPS (Q3): $1.22 vs. $1.15 last year. -EPS Growth (Y-o-Y): 6.1% -Analysts Estimate: $1.17 -Revenue (Q3): $789.4 Mln vs. $784.0 Mln last year. -Revenue Change (Y-o-Y): 0.7%

-Guidance: Full year EPS guidance: $4.62 to $4.66