A post by @FirstSquawk on X.
COREWEAVE Q3 LOSS PER SHARE $1.27, NARROWER THAN THE ESTIMATED $1.46 LOSS, WITH REVENUE $3.66 BLN, ABOVE ESTIMATE OF $3.56 BLN, AND A NET LOSS OF $709 MLN, NARROWER THAN THE ESTIMATED $850.4 MLN LOSS
@FirstSquawk on X
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CoreWeave reported a third-quarter loss per share of $1.27, narrower than the estimated $1.46 loss, alongside revenue of $3.66 billion that beat the $3.56 billion estimate. The company posted a net loss of $709 million, also narrower than the anticipated $850.4 million shortfall. The results indicate the AI cloud provider is trimming losses faster than analysts expected while still growing revenue above consensus. Investors will watch whether the narrower loss trajectory and revenue beat carry into the next quarter as CoreWeave continues to scale its GPU infrastructure business.
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