Cray: 2Q Earnings Snapshot
SEATTLE (AP) _ Cray Inc. (CRAY) on Tuesday reported a loss of $11 million in its second quarter.
The Seattle-based company said it had a loss of 27 cents per share. Losses, adjusted for non-recurring costs, were 20 cents per share.
The supercomputer maker posted revenue of $120.2 million in the period.
For the current quarter ending in October, Cray said it expects revenue in the range of $90 million.
The company expects full-year revenue of $450 million.
Cray shares have increased 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.95, a climb of 21 percent in the last 12 months.