Cray Inc. (CRAY) reported first quarter net income of $0.13 per share after the close Thursday, compared to the loss of $0.04 per share last year. The company also stated that it expects to be solidly profitable for 2012.
Cray gapped up sharply Friday and climbed during early trade, before settling into a narrow range. The stock extended its gains in the final 2 hours of the afternoon and finished up by 2.48 at $11.38 on the highest volume of the year. Cray has been rising for the past week and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.