February 8, 2017 / 9:16 PM / 6 months ago

BRIEF-Cray reports 2016 full year and Q4 financial results

Feb 8 (Reuters) - Cray Inc

* Due to current market conditions, company has limited visibility into 2017

* Cray Inc says GAAP and non-GAAP gross margins for year are expected to be in low-mid 30% range in Q1

* Q1 revenue view $86.5 million -- Thomson Reuters I/B/E/S

* Cray Inc - In 2017 "company continues to believe it will be difficult to grow revenue compared to 2016"

* Cray Inc. reports 2016 full year and fourth quarter financial results

* Q4 non-GAAP earnings per share $1.38

* Q4 earnings per share $1.27

* Q4 revenue $346.6 million versus I/B/E/S view $346.8 million

* Sees Q1 2017 revenue about $55 million

* Q4 earnings per share view $1.23 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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