January 12, 2018 / 3:15 PM / 9 months ago

BUZZ-Varian Medical: FY18 earnings forecast misses estimates

** Medical device and software maker’s shares fall as much as 4 pct to $107.01; biggest intraday pct drop since Oct. 26

** Stock posts 3rd-biggest drag to the S&P 500 healthcare sector index

** Co now sees FY18 adj. EPS of $4.05-$4.17 from cont ops; below est of $4.30 (bit.ly/2CVcUrp)

** Sees FY18 revenue growth of 3-5 pct

** Company’s stock had risen nearly 40 pct in 2017 (Reporting by Akankshita Mukhopadhyay in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below