Cray Inc. reported second-quarter net income of $3.4 million or $0.10 per share, compared to a loss of $6.4 million or $0.20 per share in the same quarter last year.
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On average, four analysts polled by Thomson Reuters expected the company to earn $0.01 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter was $62.7 million, up 34% from $46.7 million in the comparable quarter last year. Analysts expected the company to report revenue of $61.13 million.Looking ahead to the full year 2009, the company expects revenue of approximately $290 million. Analysts currently anticipate the company to report revenue of $262.72 million.
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