Accuray Q1 2023 Gaap EPS $(0.03) Beats $(0.05) Estimate, Sales $103.89M Beat $97.62M Estimate
Portfolio Pulse from saritha@benzinga.com
Accuray (NASDAQ:ARAY) reported Q1 2023 GAAP EPS of $(0.03), beating the estimate of $(0.05) by 40%. The company also reported quarterly sales of $103.89M, surpassing the estimate of $97.62M by 6.42%. Both figures represent an increase from the same period last year.
November 07, 2023 | 10:05 pm
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Accuray's Q1 2023 results exceeded estimates, with a 40% beat on EPS and a 6.42% beat on sales. This positive earnings report could lead to a short-term increase in the company's stock price.
Accuray's better-than-expected Q1 2023 results could make the company more attractive to investors, potentially leading to increased demand for the stock and a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100