Cray (CRAY) Tops Q1 EPS by 11c

Cray (NASDAQ: CRAY) reported Q1 EPS of ($0.28), $0.11 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $79.6 million versus the consensus estimate of $80 million.

The Company anticipates revenue for 2015 to be in the range of $715 million. Revenue is expected to ramp quarterly during 2015, with about $130 million in the second quarter and roughly 40-45% of the total year in the fourth quarter. Non-GAAP gross margin for 2015 is expected to be about 35%. Total non-GAAP operating expenses for the year are anticipated to be about $195 million. Based on this outlook, we expect to improve our GAAP and non-GAAP operating profit margin significantly for 2015.

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

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