BUZZ-Varex tumbles after weak Q2 profit forecast

X-Ray imaging maker Varex's VREX.O shares fall 19.8% to $12.20

On Thursday, co forecast Q2 adj profit to be between 5 cents/shr and 20 cents/shr, midpoint of which is below analysts' est of 14 cents/shr- LSEG

Co forecast Q2 rev to be between $200 million and $215 million, vs analysts' estimates $203.6 million — LSEG

Co posted Q1 rev of $200 million, missing analysts' est of $202 million

However, co reported Q1 adj profit of 7 cents/shr, above analysts' est of 4 cents/shr

Stock fell 42% in 2024