AP NEWS

Cray: 2Q Earnings Snapshot

July 31, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRAY at https://www.zacks.com/ap/CRAY

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