Cray Q2 Loss Widens - Quick Facts

(RTTNews) - Cray Inc. (CRAY) reported a second-quarter net loss of $6.7 million, wider than $0.5 million in the comparable quarter last year. Loss per share for the latest second quarter was $0.18, compared to breakeven per share last year.

Non-GAAP net loss was $8.6 million, or $0.22 per share, wider than $7.0 million or $0.19 per share in the prior year period. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $85.15 million compared to $84.47 million in the prior year period, while four analysts expected revenue of $74.75 million for the quarter.

Looking ahead to third quarter, the company expects revenue of $125 million, while analysts currently expect revenue of $156.85 million.

For 2014, the company continues to anticipates revenue in the range of $600 million. Analysts expect the company to report 2014 revenue of $599.43 million.