Cray Inc. Q1 Loss Narrows; Reaffirms 2015 Guidance - Quick Facts

(RTTNews) - Cray Inc. (CRAY) reported a first-quarter net loss of $9.4 million, or $0.24 per share, compared to a net loss of $12.9 million, or $0.34 per share in the prior year period. Non-GAAP net loss was $10.9 million, or $0.28 per share for the first quarter.

On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the first quarter was $79.6 million, compared to $55.1 million in the first quarter of 2014. Analysts expected revenue of $79.96 million for the quarter.

The company anticipates revenue for 2015 to be in the range of $715 million. The company expects revenue to ramp quarterly during 2015, with about $130 million in the second quarter and roughly 40-45% of the total year in the fourth quarter.