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Accuray Inc. (ARAY) Plunged To An 11-Month Low On 2013 Forecast

Accuray Inc. (ARAY) reported second quarter preliminary non-GAAP revenue of $72 million to $75 million. The company also announced that it expects to report a full year 2013 net loss of $0.87 to $0.95 per share. The consensus estimate is for a loss of $0.49.

Accuray gapped open dramatically lower Friday, but traded in a narrow range throughout the session. The stock closed down by 1.37 at $5.41 on the highest volume of the year. Accuray sank to an 11-month low.

by RTTNews Staff Writer

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