=Cray Inc. (CRAY) reported earnings on Mon 7 Nov 2016 (a/h)

SEATTLE (AP) _ Cray Inc. (CRAY) on Monday reported a third-quarter loss of $23 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Seattle-based company said it had a loss of 58 cents. Losses, adjusted for stock option expense and pretax expenses, came to 49 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The supercomputer maker posted revenue of $77.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $79.2 million.

Cray shares have fallen 38 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.25, a fall of 41 percent in the last 12 months.