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


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."

From other sites
Comments (1)
  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
     
    They are guiding very strong 2014...and IMO the market saw that.

     

    I was happy to see the dip this morning in early trading, planning to add more on the cheap. But then when the market opened people had gotten smarter and I missed my sale :(
    12 Nov 2013, 05:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs