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VAR - What's Behind Varian Medical Systems' Mixed Q1 Results?
Varian Medical Systems Inc.
Varian Medical Systems(NYSE: VAR) has been on a roll over the last five months, with its shares soaring 36%. The medical device maker's solid fiscal 2019 fourth-quarter results in October helped keep that roll going.
But that momentum was put to the test when Varian announced its fiscal 2020 first-quarter results after the market closed on Wednesday. Here are the highlights from the company's Q1 update.