[May 28, 2012] Earnings Look Back: Varian Medical Systems Is Down 3.3% Since Reporting Quarterly Results 2 Weeks Ago (VAR) Tweet May 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- When Varian Medical Systems (NYSE:VAR) reported earnings 20 days ago on May 8th, 2012, analysts, on average, expected the company to report earnings of $0.96 on sales of $700.0 million. The company actually reported EPS of $0.96 on sales of $720.3 million, beating EPS estimates by $0.00 and beating revenue estimates by $20.3 million. Shares of Varian Medical Systems have slipped from $63.47 to $61.36, representing a loss of 3.3%, since the company reported earnings 20 days ago. In the past 52 weeks, shares of Varian Medical Systems have traded between a low of $48.72 and a high of $71.95 and are now at $61.36, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.1%. SmarTrend recommended that its subscribers protect gains by selling shares of Varian Medical Systems on April 26th, 2012 by issuing a Downtrend alert when the shares were trading at $65.39. Since that call, shares of Varian Medical Systems have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]