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ViewRay: 2Q Earnings Snapshot

August 8, 2019

OAKWOOD VILLAGE, Ohio (AP) _ ViewRay Inc. (VRAY) on Thursday reported a loss of $30.8 million in its second quarter.

The Oakwood Village, Ohio-based company said it had a loss of 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The radiation therapy systems maker posted revenue of $30.2 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $26.8 million.

ViewRay expects full-year revenue in the range of $80 million to $95 million.

ViewRay shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.74, a decline of 32% 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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