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News / Business / Business Briefs

Cray reports $42.6M second-quarter loss

By Wire services
Published: August 4, 2019, 6:03am

SEATTLE — Cray Inc. on Friday reported a loss of $42.6 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of $1.03. Losses, adjusted for one-time gains and costs, were 75 cents per share.

The supercomputer maker posted revenue of $68.7 million in the period.

Cray shares have increased 61 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $34.71, an increase of 43 percent in the last 12 months.

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