Needham & Company Downgrades Cray (CRAY) to Hold
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Cray Inc. Reports First Quarter 2016 Financial Results
May 3, 2016 4:06 PM EDTSEATTLE, WA -- (Marketwired) -- 05/03/16 -- Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced financial results for the first quarter ended March 31, 2016.
All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release.
Revenue for the first quarter of 2016 was $105.5 million, which compares with $79.6 million in the first quarter of 2015. Net loss for the first quarter of 2016 was $5.0 million, or $0.13 per diluted share, compared to a net loss of $9.4 million,... More
