Accuray Inc. Stock Drops to Low After Company Says Credit Issues Are Hurting CyberKnife Sales

NEW YORK (AP) -- Accuray Inc. stock fell to an all-time low Thursday after the radiosurgery device maker reported disappointing fiscal second-quarter results and cut its full-year sales outlook. The Sunnyvale, Calif., company’s profit and revenue came up short of analyst estimates, as Accuray said fewer customers ordered its CyberKnife robotic surgery system due to broader credit market issues. The system is designed to hit tumors in hard-to-target parts of the body with precisely aimed doses of radiation.

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