Accuray Q1 Earnings Meet Estimates, Sales Beat, Gross Margin Shrinks

Accuray Incorporated (ARAY) reported first-quarter fiscal 2025 loss per share of 4 cents compared with the year-ago period’s reported loss of 3 cents. The bottom line was in line with the Zacks Consensus Estimate.Revenues in DetailAccuray registered quarterly revenues of $101.5 million, down 2.3% year over year. However, the figure beat the Zacks Consensus Estimate by 3.5%. At constant exchange rate (CER), net revenues were$ 102 million.The overall top-line growth was hurt by lower product sales, partially ...