Varian Medical Systems (VAR) reported first quarter EPS of $0.92 after the close Wednesday, compared to $0.91 in the previous year. The consensus estimate was for EPS of $0.87. The company expects to report second quarter EPS of $0.98 to $1.02 and between $4.16 and $4.26 for the full year. Analysts are expecting EPS of $1.12 and $4.31.
Varian Medical Systems gapped open higher Thursday morning and has continued to rise in early trade. Shares are now up 4.47 at $90.99. The stock has broken out of a 2 1/2 month trading range and has set a new high for the year.
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