Wednesday, April 3, 2013

Cray Postpones Q3 Earnings Announcement And Conference Call

Cray (CRAY) shares are down sharply this morning after the company announced that it has postponed the post-earnings conference call that had been scheduled for this afternoon.

Also, a Cray spokesman confirmed that, contrary to a press release earlier this week, Cray will not be issuing Q3 results today. (The company had not specifically mention postponement of the earnings report in the announcement today.) The spokesman said Cray is not providing any information on the reasons for the delay.

Meanwhile, the delay comes amid widespread reports that a Chinese supercomputer that uses Nvidia (NVDA) chips is now the world’s fastest, exceeding the previous record holder, a Cray supercomputer based at Oak Ridge National Laboratory.

CRAY is down $1.43, or 20.1%, to $5.70.

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