Accuray (ARAY) Tops Q2 EPS by 4c; Reaffirms

Accuray (NASDAQ: ARAY) reported Q2 EPS of ($0.06), $0.04 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $100.3 million versus the consensus estimate of $90.31 million.

The company is reaffirming the revenue, gross orders, and adjusted EBITDA, guidance originally provided on August 22, 2017 as follows:

• Revenue: $390.0 million to $400.0 million representing growth of approximately 2 percent to 4 percent year-over-year with product revenue growing approximately 5 to 10 percent year-over-year;
• Gross Orders growth of approximately 5 percent year-over-year; and
• Adjusted EBITDA: $25.0 million to $30.0 million representing growth of approximately 23 percent to 47 percent year-over-year

For earnings history and earnings-related data on Accuray (ARAY) click here.

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