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Accuray (ARAY -7.8%) slips today in spite of posting a narrower FQ2 loss yesterday. Net backlog...

Accuray (ARAY -7.8%) slips today in spite of posting a narrower FQ2 loss yesterday. Net backlog totaled $17.9M, with an ending backlog of $279M, -5% from the previous quarter, but higher than the $277M during the prior year period. For FY13, the company sees sales coming in at between $320M - $330M, which is below Street estimates for $338M. Separately, the company announces a $75M offering of convertible senior notes, due 2018. Read more on earnings here: Earnings Call Transcript.

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