Varian Associates posted earnings of $21.4 million...

Varian Associates posted earnings of $21.4 million for the year ended Oct. 2, in contrast with a loss of $14.9 million in the previous fiscal year. The Palo Alto company credited improved business in all of its operations. The company noted gains in its electron device group from a combination of cost control and higher sales; its instrument group was enhanced by larger than normal royalty income, and its medical and industrial products business benefited from a strong performance by the cancer therapy equipment unit.