Cray Raises 2015 Revenue Outlook, Maintains 2016 Forecast

Cray Inc. late Monday said it raised its 2015 revenue outlook to a range of $720 million to $725 million from its previous target of $715 million and reiterated that it expects to be "solidly profitable." The supercomputer company also maintained its revenue forecast of $825 million for 2016. Analysts surveyed by FactSet are projecting 2015 revenue of $716.8 million and $818 million this year. Shares of Cray fell 1.9% in after-hours trading.