Accuray: Fiscal 3Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Accuray Inc. (ARAY) on Tuesday reported fiscal third-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Sunnyvale, California-based company said it had profit of 3 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The radiation oncology company posted revenue of $99.5 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit $2.08. A year ago, they were trading at $4.25.
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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