Cray Q4 Profit Up - Quick Facts

(RTTNews) - Cray Inc. (CRAY) Thursday reported fourth-quarter profit of $51.01 million or $1.27 per share, up from $14.01 million or $0.36 per share in the same period last year.

Adjusted earnings for the quarter were $59.2 million or $1.48 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $1.36 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $307.37 million from $188.83 million last year. Analysts expected revenues of $300.56 million.

Looking ahead, full-year revenues are projected at about $600 million for 2014. Analysts currently expect full-year revenues of $596.25 million.