Accuray (ARAY) Q2 Earnings Top Estimates, Gross Orders Fall

 | Jan 29, 2020 06:09AM ET

Accuray Incorporated (NASDAQ:ARAY) reported second-quarter fiscal 2020 adjusted earnings per share (EPS) of a penny, comparing favorably with the Zacks Consensus Estimate of a loss of 7 cents. The company had reported a loss of 5 cents a year ago.
Net revenues of this Zacks Rank #3 (Hold) company totaled $98.8 million, edging past the Zacks Consensus Estimate of $98.5 million. On a year-over-year basis, revenues dropped 3.4%.
Fiscal Q2 Details
Product Revenues: Product revenues fell 8.9% year over year to $43.8 million in the reported quarter.
Service Revenues: Service revenues totaled $55.1 million, up 1.5% from the year-ago quarter.

Accuray Incorporated Price, Consensus and EPS Surprise

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