SUNNYVALE, Calif. (AP) _ Accuray Inc. (ARAY) on Tuesday reported a loss of $9.4 million in its fiscal first quarter.
The Sunnyvale, California-based company said it had a loss of 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The radiation oncology company posted revenue of $89.6 million in the period.
Accuray expects full-year revenue in the range of $410 million to $420 million.
In the final minutes of trading on Tuesday, the company's shares hit $2.89. A year ago, they were trading at $3.38.