Cray Inc. on Monday said it expects to be profitable in 2016 on both adjusted and GAAP basis but did not provide an earnings outlook for 2017 due to a "lack of visibility for the year." However, it projected 2016 revenue of $630 million, which fell short of $633.3 million projected by analysts in a FactSet survey. Wall Street also forecast the supercomputer company to post adjusted earnings of 18 cents a share in 2016. Cray shares slumped 5% after hours.
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