Monday, August 24, 2009

Accuray Leading After-Hours Droppers (ARAY)

Accuray Incorporated (NASDAQ: ARAY) is effort its wings cropped in the after-hours session after it missed earnings by $0.01, but managed to beat revenue estimates.  It posted of $0.02 EPS vs. $0.03 estimates and revenues rose 15.4% to $58.8 meg vs. the $56.9 meg estimates.  It also guided lower for next quarter and the year: it sees Q1 revenues of $40 to 50 meg vs. $59.26 meg consensus, and for Fiscal-2010 it sees revenues of $215 to $230 meg versus $237.92 meg estimates.

So far, there have only been about 20,000 shares that have traded hands.  But shares are down about 13% at $6.55 after closing up 1.5% at $7.52.  Average volume is 320,000 shares and the 52-week trading range is $3.70 to $9.00.


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