Mid-Day Follow-Up Commentary on Selected Picks: (NASDAQ: ARAY), (NASDAQ: FOLD)
Accuray Incorporated (NASDAQ: ARAY), a manufacturer of image-guided radiosurgery devices, is sinking in mid-day trading today after the company gave a weak sales outlook. The company said that it expects second-quarter sales to be between $72 million and $75 million, which are significantly below the $106.4 million it reported for the same period in the previous year. The revenue outlook is also well below the consensus forecast of $93.8 million.
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