Cray Inc. shares rose in the extended session Monday after the company announced it beat Wall Street expectations on the top and bottom line. Cray shares rose 5.8% to $18.90 after hours. The super computer maker reported a third-quarter net loss of $10.2 million, or 25 cents a share, compared to a net loss of $23 million, or 58 cents a share, in the year-ago period. Adjusted losses were 33 cents a share. Revenue rose to $79.7 million from $77.5 million in the year-ago period. Analysts surveyed by FactSet had estimated an adjusted loss of 51 cents a share on revenue of $59.5 million. Wall Street models adjusted fourth-quarter earnings of 25 cents a share on sales of $194.4 million. Cray stock has fallen 8.3% this year, with the S&P 500 index rising 15.3%.
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