SUNNYVALE, Calif. (AP) _ Accuray Inc. (ARAY) on Tuesday reported fiscal second-quarter net income of $10.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Sunnyvale, California-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring gains, were 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The radiation oncology company posted revenue of $98.8 million in the period.
Accuray expects full-year revenue in the range of $410 million to $420 million.
In the final minutes of trading on Tuesday, the company's shares hit $3.77. A year ago, they were trading at $4.25.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARAY at https://www.zacks.com/ap/ARAY
Automated Insights, source Associated Press News