Varian Medical Systems reported earnings results for first quarter of fiscal year 2016. For the quarter, revenue was $757.1 million against $737.9 for the same period prior year. Earnings before taxes were $118.4 against $130.4 for the same period prior year. Net earnings were $89.0 against $93.3 for the same period prior year. Net earnings per share– diluted were $0.91 against $0.92 for the same period prior year. Cash flow from operations was $77 million for the first quarter. On an adjusted basis, net income was $0.99 per share, down from $1.01 per share in the prior year period.

The company provided earnings guidance for the second quarter and full year of 2016. For the second quarter, the company expects adjusted earnings to range from $1.06 to $1.10 per share on 1% to 2% growth in revenues.

For full year 2016, the company expects adjusted earnings to range from $4.55 to $4.65 per share on 4% to 5% growth in revenues.