AP NEWS

ViewRay: 3Q Earnings Snapshot

November 12, 2019 GMT

OAKWOOD VILLAGE, Ohio (AP) _ ViewRay Inc. (VRAY) on Tuesday reported a loss of $20.8 million in its third quarter.

The Oakwood Village, Ohio-based company said it had a loss of 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The radiation therapy systems maker posted revenue of $20.9 million in the period.

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

In the final minutes of trading on Tuesday, the company’s shares hit $2.48. A year ago, they were trading at $6.11.

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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