Varex Imaging reported Q3 earnings with an EPS of $0.31, surpassing analyst estimates of $0.21, driven by growth in industrial and cargo inspection sectors. Revenue slightly missed expectations at $210.5 million versus $215.5 million forecast, but sales before customer reimbursement adjustments were about $217 million. The company maintains strong liquidity and profitability, with a 37% gross margin and $21 million operating cash flow. Teledyne Technologies announced plans to acquire Varex for approximately $1.1 billion, offering $18.90 per share in cash, with the deal expected to close in early 2027 pending approvals.
Teleflex reported Q2 revenue of $570.3 million, driven by its Vascular and Surgical segments, with adjusted EPS up 1.7% to $1.76. The company is selling its Acute Care, Interventional Urology, and OEM businesses for about $2.03 billion in cash to red...
Sun Life Financial reported strong Q2 results with earnings of $1.46 per share and revenues of $10.10 billion, surpassing analyst expectations. Growth was driven by a 27% rise in group insurance sales, 16% increase in individual sales, and a 10% boos...
Perion Network reported Q2 earnings with an EPS of $0.09, surpassing analyst estimates despite a revenue decline to $98.24 million from $102.98 million last year. The company is strategically moving away from traditional open-web advertising toward h...
LCI Industries improved its profitability with an 8% rise in adjusted operating profit and a 110 basis point increase in operating margin, despite a 4% decline in net sales and weaker demand in the outdoor recreation market. Sales to OEMs fell 10%, a...
Micron Technology reported a strong third quarter with revenue rising 74% to $41.46 billion and an EPS of $25.11, driven by robust demand for its high-bandwidth memory chips used in AI servers. UBS maintains a Buy rating on the stock, citing strategi...
