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Thursday, Jan 3
More on Accuray (ARAY): In addition to the lowered guidance, the company also announces a...
More on Accuray (ARAY): In addition to the lowered guidance, the company also announces a restructuring of operations to focus on improving commercial execution and sustainable revenue growth. The restructuring is expected to reduce staffing by approximately 13%, with most of the cuts coming from U.S.-based operations. As a result, ARAY plans to take a one-time charge of $3M to $4M in Q313, and expects operating expense savings of approximately $40M per year compared to FY12. Shares -19% AH.