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Accuray (ARAY) cuts guidance, saying it now expects Q2 revenue in the range of $72M to $75M,...
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Thursday, January 3, 4:43 PM ETAccuray (ARAY) cuts guidance, saying it now expects Q2 revenue in the range of $72M to $75M, below analyst estimates of $93.7M. For FY 2013, the company expects revenue in the range of $320M to $330M and a loss of $0.87 to $0.95 per share. The Street is at $407M in revenue and a loss of $0.57 per share. The company blames the lower numbers on manufacturing and supply related issues, which delayed contribution from new products, and salesforce transitional issues. Shares -19% AH.
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