Varian Medical Systems Cuts FY EPS Outlook

(RTTNews) - Varian Medical Systems (VAR) Monday lowered its financial outlook for the full year 2015, due to "shortfall" in revenues from Oncology Systems business.

The company now expects adjusted earnings for fiscal 2015 of about $4.29 per share. Analysts currently expect earnings of $4.40 per share.

Varian continues to expect revenues to increase by about 2 percent and by about 6 percent in constant currency.

"Several TrueBeams and related software slipped out of the quarter contributing to a shortfall in high-margin revenues for our Oncology Systems business," said Dow Wilson, CEO of Varian Medical Systems.