Accuray (ARAY) Misses Q4 EPS by 3c, Updates FY16 Guidance

Accuray (NASDAQ: ARAY) reported Q4 EPS of ($0.07), $0.03 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $101.8 million versus the consensus estimate of $102.41 million.

Accuray sees FY2016 revenue of $395.00-$410.00, versus the consensus of $408.39.

• Adjusted EBITDA: Accuray expects fiscal 2016 adjusted EBITDA to be in the range of $25 million to $35 million. This represents growth of 112 percent to 197 percent over adjusted EBITDA in fiscal 2015, reflecting flat to moderately improving gross margins and ongoing expense control.

For earnings history and earnings-related data on Accuray (ARAY) click here.

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