Accuray Q4 EPS $(0.03) Misses $0.01 Estimate, Sales $118.29M Miss $121.74M Estimate
Portfolio Pulse from vinayak@benzinga.com
Accuray (NASDAQ:ARAY) reported Q4 losses of $(0.03) per share, missing the analyst consensus estimate of $0.01 by 400 percent. This is a 25 percent increase over losses from the same period last year. The company also reported quarterly sales of $118.29 million, missing the analyst consensus estimate of $121.74 million by 2.83 percent, but a 7.52 percent increase over sales from the same period last year.
August 09, 2023 | 8:54 pm
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NEGATIVE IMPACT
Accuray's Q4 earnings missed analyst estimates, with losses increasing by 25% from the same period last year and sales missing estimates by 2.83%.
Accuray's Q4 earnings report shows a miss on both EPS and sales estimates, which is likely to negatively impact investor sentiment and potentially the stock price in the short term. The increase in losses YoY also indicates a worsening financial situation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100