Cray Q1 Loss Widens - Quick Facts

(RTTNews) - Cray Inc. (CRAY) reported a first-quarter net loss of $12.9 million, or $0.34 per share, compared to a net loss of $7.6 million, or $0.20 per share in the first quarter of 2013. Non-GAAP net loss was $17.6 million, or $0.46 per share for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $55.1 million compared to $79.5 million in the prior year period. Analysts expected revenue of $50.88 million for the quarter.

For 2014, the company anticipates revenue to be in the range of $600 million. The company expects to be profitable on both a GAAP and non-GAAP basis for 2014. Analysts expect the company to report 2014 revenue of $599.25 million.