Accuray Incorporated Q1 Loss Increases, Misses Estimates

(RTTNews) – Accuray Incorporated (ARAY) reported a loss for its first quarter that rose from the same period last year and missed Street’s estimates.

The company’s net income totaled -$5.45 million, or -$0.06 per share. That compares to -$1.03 million, or -$0.01 per share, in the first quarter of last year.

Analysts on average had expected the company to earn -$0.02 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter fell 10.2% to $96.49 million from $107.44 million last year.

Summary of Accuray Incorporated’s results (GAAP):

– Earnings (Q1): -$5.45 million. versus -$1.03 million. Last year. -EPS (Q1): -$0.06 vs. -$0.01 last year. – Analyst estimate: -$0.02 – Revenue (Q1): $96.49 million vs. $107.44 million last year.

-Tips: Full year revenue forecast: $447.0 – $455.0 million

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