Cray (CRAY) Offers Updated FY11 Outlook, Guides FY12
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Cray (Nasdaq: CRAY) reports preliminary FY11 sales of $230-$240 million, which compares to the Street estimate of $309.75 million. Sees an operating loss for the year.
Sees FY12 sales in the range of $400-$420 million, vs. the consensus of $350 million. Expects about 25 percent of annual sales to be recognized in Q1.
Sees FY12 sales in the range of $400-$420 million, vs. the consensus of $350 million. Expects about 25 percent of annual sales to be recognized in Q1.
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