Cray (CRAY) Misses Q4 EPS by 20c, Offers Guidance

Cray (NASDAQ: CRAY) reported Q4 EPS of ($0.22), $0.20 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $163 million versus the consensus estimate of $157.9 million.

GUIDANCE:

Cray sees Q1 2019 revenue of $70 million, versus the consensus of $72.17 million.

• For 2019, while a wide range of results remains possible, Cray expects revenue to grow modestly compared to 2018. Revenue is expected to be about $70 million for the first quarter of 2019. For 2019, GAAP and non-GAAP gross margins are expected to be in the 30% range, and non-GAAP operating expenses are expected to grow compared to 2018. Based on this outlook, the Company expects to recognize a substantial GAAP and non-GAAP net loss for 2019.
• Cray’s effective GAAP and non-GAAP tax rates for 2019 are both expected to be in the low single-digit range

For earnings history and earnings-related data on Cray (CRAY) click here.

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