ViewRay: 2Q Earnings Snapshot
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.