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TMCNet:  Cray affirms revenue guidance for 2013, 2014

[January 06, 2014]

Cray affirms revenue guidance for 2013, 2014

(Associated Press Via Acquire Media NewsEdge) SEATTLE (AP) — Supercomputer company Cray Inc. on Monday affirmed its guidance for expected revenue of about $520 million for 2013 and about $600 million this year.

Cray said it expects to show a profitable year for 2013 on all accounting measures, based on preliminary financial data.

On average, analysts surveyed by FactSet forecast 2013 revenue of $518.9 million and earnings per share of 55 cents. For 2014, analysts expect revenue of $596.3 million and earnings per share of 82 cents.

The Seattle company said both its supercomputing and big data segments posted revenue growth.



Cray shares fell 70 cents to end the regular session at $27.16 before the company's announcement. They added $1.92, or 7 percent, to $29.08 in after-hours trading.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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