Accuray (NSDQ:ARAY) posted second-quarter results that beat the consensus forecast on Wall Street. The Sunnyvale, Calif.-based company reported profits of $10.7 million, or 12¢ per share, on sales $98.8 million for three months ended Dec. 31, 2019 for a sales loss of -48.6% compared with Q2 2019. Adjusted to exclude one-time items, earnings per share were […]
Accuray shares drop as bottom line, revenues slide
Accuray (NSDQ:ARAY) shares are down today after the company reported decreased sales and profits in the first quarter of fiscal 2020. The Sunnyvale, Calif.-based radiotherapy device maker posted losses of -$9.4 million, or -11¢ per share, on sales of $89.6 million for the three months ended Sept. 30, for a bottom-line slide of -13% on a […]
Smith & Nephew taps ex-Roche chief Diggelman for CEO | Personnel Moves, October 21, 2019
Smith & Nephew (NYSE:SNN) today named former Roche (PINK:RHHBY) chief Roland Diggelmann to replace Namal Nawana next month. Nawana, named to succeed Olivier Bohuon last year, is stepping down effective Nov. 1 “to pursue other opportunities outside of the U.K.,” the London-based healthcare giant said. Nawana is slated to stay on until Dec. 31 to […]
FDA lures Vyaire exec Desai for CTO | Personnel Moves, August 23, 2019
The FDA lured former Vyaire Medical executive Vid Desai to take over as permanent CTO, according to Politico. Desai replaces acting CTO Mohammed Sohail Chaudhry, who’s held the role on an interim basis since 2015. Ebb Therapeutics puts Röösli in the corner office Insomnia device maker Ebb Therapeutics said yesterday that it put Eduard Röösli […]
Accuray slips on Q4 earnings miss
Accuray (NSDQ:ARAY) shares took a hit on lower-than-expected fiscal fourth-quarter earnings and soft guidance for fiscal 2020. The Sunnyvale, Calif.-based radiotherapy device maker posted losses of -$1.4 million, or -2¢ per share, on sales of $97.2 million for the three months ended June 30, widening its losses by 48.0% on sales growth of 0.8% compared with […]
Biomet vet Serbousek to succeed Mason as Orthofix CEO | Personnel Moves, August 13, 2019
Orthofix (NSDQ:OFIX) last week named a successor for president & CEO Brad Mason in November, tapping Jon Serbousek as president of its spine business effective August 5. Mason is slated to retire Oct. 31; Serbousek, a 30-year medtech veteran with stints at Biomet, Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) unit DePuy Orthopaedics, is due to […]
Accuray shares dip on mixed-bag Q3 earnings
Shares in Accuray (NSDQ:ARAY) fell slightly today after the medical device maker posted fiscal year 2019 third quarter earnings that beat loss-per-share expectations but missed revenue consensus on Wall Street. The Sunnyvale, Calif.-based company posted losses of $1.2 million, or 1¢ per share, on sales of $103.2 million for the three months ended March 31, seeing […]
Accuray partners with Chinese company to sell in China
A subsidiary of California-based Accuray (NSDQ:ARAY) has entered a joint venture with a Chinese company to manufacture and sell radiology oncology systems in China, the companies said today. Accuray Asia Ltd. will work with Tianjin-based CNNC High Energy Equipment, a subsidiary of China Isotope and Radiation (HKSE:01763). CNNC will own 51% of the joint venture, known as CNNC […]
Accuray’s fiscal Q2 earnings top expectations despite sales miss
Accuray (NSDQ:ARAY) this week posted fiscal second-quarter earnings that beat the consensus on Wall Street but missed sales expectations. The Sunnyvale, Calif.-based company put up losses of -$4.6 million, or -5¢ per share, on sales of $102.3 million for the three months ended YYdate, paring its losses by -1.7% on sales growth of 2.0% compared with […]
Senseonics CFO Elsey to retire | Personnel Moves – December 4, 2018
Senseonics (NYSE:SENS) said yesterday that its CFO R. Elsey is retiring for the company, and that it has begun searching for a permanent replacement. The Germantown, Md.-based company said that Elsey will stay on until a replacement is appointed, and remain on in an advisory role through to the completion of the company’s 2018 fiscal […]
Google taps ex-Geisinger CEO Feinberg to lead consolidated Google Health biz | Personnel Moves – November 14, 2018
Google (NSDQ:GOOG) has picked up former Geisinger Health CEO David Feinberg to lead its fragmented health divisions under the Google Health moniker, according to a recent CNBC report. The tech giant had been searching for a head for several months, with artificial intelligence head Jeff Dean heavily involved in the process, according to the report. Other […]
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