The output raster dataset could not be created in the specified format. There may already exist an output raster with the same name and format. Certain raster formats have limitations on the range of values that are supported. For example, the GIF format only supports a value range of 0 to 255, which would be a problem if the output raster would have a range of -10 to 365.
Check that a raster with the same name and format does not already exist in the output location. Also, check the Help for the technical specifications of raster dataset formats to make sure that the expected range of values in the output is compatible with the specified format.