Accuray Bid Lower on Q4 Earnings Preview

Shares of Accuray ARAY are bid lower in the after-hours following the preview of the company's Q4 earnings results. Currently, shares are bid 4.26, at $4.44; they ended the regular session higher by 4.22%, at $4.45. Accuray sees a Q4 EPS loss of $0.39-0.43 on revenues of $73-75 million. The company also sees FY2011 EPS in the range of $0.44-0.47 on revenues of $220-222 million. The company will host a conference call to review its fourth quarter and fiscal year 2011 results on Monday, September 19, 2011 at 2:00 p.m. PT/5:00 p.m. ET. The call will be hosted by Euan S. Thomson, Ph.D., president and chief executive officer and Derek Bertocci, senior vice president and chief financial officer. Accuray Incorporated has developed a robotic radiosurgery system, CyberKnife Robotic Radiosurgery System, designed to treat solid tumors anywhere in the body as an alternative to traditional surgery.