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."

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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
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