Cray (CRAY) Misses Q3 EPS by 15c

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Go back to Cray (CRAY) Misses Q3 EPS by 15c

Cray Inc. Reports Third Quarter 2016 Financial Results

November 7, 2016 4:05 PM EST

SEATTLE, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq: CRAY) today announced financial results for the third quarter ended September 30, 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 third quarter of 2016 was $77.5 million, which compares with $191.4 million in the third quarter of 2015.  Net loss for the third quarter of 2016 was $23.0 million, or $0.58 per diluted share, compared to net income of $10.9 million, or... More