Cray Shares Jump After Earnings Beat, Outlook

By Wallace WitkowskiMarketWatch Pulse

Cray Inc. shares jumped in the extended session Thursday after the supercomputer maker blew away Wall Street estimates for the quarter. Cray shares popped 22% to $27.15. The company reported adjusted third-quarter earnings of 48 cents a share on revenue of $191.4 million. Analysts surveyed by FactSet had estimated 6 cents a share on revenue of $141 million. Cray said it expects revenue of about $715 million for the year, and around $825 million for 2016. Analysts expect $715.7 million for 2015, and $773 million for 2016.

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