Finance

Cancer-focused company announces third quarter net earnings rise of 32%

Published in Cancer Weekly, August 31st, 2004

Varian Medical Systems (VAR) reported results for the third quarter of fiscal year 2004 with net earnings of $43 million up 32% from $32 million in the year-ago period.

Adjusting for the previously announced 2-for-1 stock split that will take effect this July 30, net earnings for the third quarter were $0.30 per diluted share, up 30 percent from $0.23 per diluted share recorded in the third quarter of last fiscal year.

The company reported third quarter sales of $303 million, up 14% versus the year-ago quarter. Net orders for the third quarter were $328 million, up 15% from the year-ago period. Backlog at the end of the third quarter stood at $903...

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Source: Cancer Weekly (2004-08-31)

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