Varian Medical Systems Q3 Profit Rises - Quick Facts

(RTTNews) - Varian Medical Systems (VAR) reported that its third-quarter net income increased to $112.8 million or $1.03 per share, from $108.8 million or $0.96 per share, last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $1.01 per share for the quarter. Analysts' estimates typically exclude special items. Revenues rose to $726.2 million from $705.3 million last year. Analysts expected revenue of $749.01 million for the quarter. Varian Medical Systems now believes that for fiscal year 2013, total company revenues could increase by about 5 percent over the fiscal year 2012 total. The company expects net earnings per share in the range of $4.00 to $4.04. Analysts expect the company to report fiscal 2013 profit per share of $4.10.