Accuray (ARAY) Incurs Wider Loss In Q1, Misses On Revenue
Zacks Investment Research | Nov 03, 2016 11:08PM ET
Accuray Inc. (NASDAQ:ARAY) reported a loss of 12 cents per share in the first quarter of fiscal 2017, wider than the Zacks Consensus Estimate of a loss of 10 cents. However the figure was in line with the year-ago reported loss.
Coming to revenues, the company registered an approximately 3.5% year-over-year decline in total revenues to $86.5 million, lower than the estimated $89 million.
Quarter Details
The downside in revenues was majorly because of declining product revenues that totaled $35.6 million compared with $40.0 million in the prior-year quarter. However, service revenues increased 3% year over year to $50.9 million.
Intuitive Surgical has a long-term expected earnings growth rate of approximately 11.35%. The stock represents an impressive one-year return of roughly 33.3%.
AngioDynamics has a long-term expected earnings growth rate of 15.00%. The company posted a solid one-year return of almost 26.1%.
Glaukos Corporation recorded a stellar one-year return of almost 77.8%. Notably, the company posted positive surprises in the past four quarters, the average being 110.93%.
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