Cray (CRAY) Misses Q1 EPS by 21c; Guides Well Below Views

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Cray Inc. Reports First Quarter 2017 Financial Results

May 2, 2017 4:06 PM EDT

SEATTLE, May 02, 2017 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq: CRAY) today announced financial results for its first quarter ended March 31, 2017.

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 2017 was $59.0 million, compared to $105.5 million in the first quarter of 2016.  Net loss for the first quarter of 2017 was $19.2 million, or $0.48 per diluted share, compared to a net loss of $5.0 million, or... More