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ViewRay: 2Q Earnings Snapshot

August 3, 2018

OAKWOOD VILLAGE, Ohio (AP) _ ViewRay Inc. (VRAY) on Friday reported a loss of $22 million in its second quarter.

On a per-share basis, the Oakwood Village, Ohio-based company said it had a loss of 30 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The radiation therapy systems maker posted revenue of $16.4 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $14.3 million.

ViewRay expects full-year earnings in the range of $80 to $90 per share.

ViewRay shares have risen 32 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRAY at https://www.zacks.com/ap/VRAY

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