Cray firm after whiffing in Q3 as management re-affirms full-year guidance

|About: Cray Inc (CRAY)|By:, SA News Editor

Cray (CRAY +2.2%) closes up after missing expectations in Q3 by a mile due to the federal government shutdown.

Helping sooth investors - management reiterates full-year guidance for revenue of $520M (vs. analyst consensus of $518.9M).

CEO Peter Ungaro on the conference call: "When we look at [each deal] one by one ... we have the ability to hit each one ... if we didn't feel we were going to get to $520 million, we would not say $520 million ... we are on track for that as we sit here today."