ViewRay: 4Q Earnings Snapshot

Associated Press |

OAKWOOD VILLAGE, Ohio (AP) _ ViewRay Inc. (VRAY) on Thursday reported a loss of $16.7 million in its fourth quarter.

On a per-share basis, the Oakwood Village, Ohio-based company said it had a loss of 17 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The radiation therapy systems maker posted revenue of $20.7 million in the period.

ViewRay expects full-year revenue in the range of $111 million to $124 million.

ViewRay shares have climbed 37 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.34, a rise of 11 percent in the last 12 months.

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

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