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Accuray: Fiscal 1Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARAY at https://www.zacks.com/ap/ARAY