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Stock impact report

Accuray Q1 Earnings Meet Estimates, Sales Beat, Gross Margin Shrinks [Yahoo! Finance]

Accuray Incorporated (ARAY) 
Last accuray incorporated earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.accuray.com/investor-overview
Company Research Source: Yahoo! Finance
The bottom line was in line with the Zacks Consensus Estimate. Accuray 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 offset by higher service revenues. Accuray derives revenues from two sources — Products and Services. In the fiscal first quarter, Product revenues declined 9.4% from the year-ago quarter's level to $48.4 million. Services revenues improved 5.3% to $53.2 million. Gross product orders totaled $55.4 million, down 13% year over year. Accuray Incorporated price-eps-surprise | Accuray Incorporated Quote In the quarter under review, Accuray's gross profit declined 12.7% year over year to $34.5 million. Gross margin contracted 410 basis points to 33.9%. Selling and marketing expenses increased 14% to $11.7 million. Research and develop Show less Read more
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