Varian expects strong Q3

Varian Medical Systems said it expects 2004 fiscal third-quarter earnings per diluted share to be up by nearly 30% compared with reported earnings per diluted share in the third quarter of fiscal 2003. The Palo Alto, CA-based firm said it also expects to post sales growth of approximately 14% during the period.

The company is also boosting its guidance for fiscal 2004, with sales expected to rise by 17% to 18%, and earnings per diluted share to grow approximately 25% compared with fiscal 2003. Varian will release its fiscal third-quarter results after the close of trading on July 29.

By AuntMinnie.com staff writers
July 15, 2004

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