=Cray (CRAY) reported earnings on Tue 1 May 2018 (a/h)

Cray beats by $0.04, beats on revs; guides Q2 revs above consensus; reaffirms FY18 revs guidance 

• Reports Q1 (Mar) loss of $0.53 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of ($0.57); revenues rose 34.9% year/year to $79.6 mln vs the $50.08 mln Capital IQ Consensus.
• Co issues upside guidance for Q2, sees Q2 revs of $110 mln vs. $86.14 mln Capital IQ Consensus Estimate.
• Coreaffirms guidancefor FY18, sees FY18 revs of +10-15% y/y (Approx $431-450 mln) vs. $441.97 mln Capital IQ Consensus Estimate.