Cray (CRAY) Tops Q1 EPS by 2c; Guides Q2 Revenue Below

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Cray Inc. Reports First Quarter 2019 Financial Results

May 7, 2019 4:03 PM EDT

SEATTLE, May 07, 2019 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq: CRAY) today announced financial results for its first quarter ended March 31, 2019.

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 2019 was $72 million, compared to $80 million in the first quarter of 2018. Net loss for the first quarter of 2019 was $29 million, or $0.72 per diluted share, compared to net loss of $25 million, or... More