ViewRay: 3Q Earnings Snapshot
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.