Cray (CRAY) Misses Q4 EPS by 20c, Offers Guidance

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Cray Inc. Reports 2018 Full Year and Fourth Quarter Financial Results

February 12, 2019 4:05 PM EST

SEATTLE, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq: CRAY) today announced financial results for the year and fourth quarter ended December 31, 2018.

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.

For 2018, Cray reported total revenue of $456 million, which compares with $393 million in 2017. Net loss for 2018 was $72 million, or $1.76 per diluted share, compared to net loss of $134 million, or $3.33 per diluted share in 2017. Non-GAAP net loss, which adjusts for selected... More