CoreWeave $CRWV is striking back after a month of sell-offs. The company's shares lost over 40% in the past month amid concerns about financing AI infrastructure. But in the 3rd quarter, the company beat expectations and raised its full-year outlook.
Well... another stock I don't own :) But I'm following it, so let's get into the numbers.
$CRWV revenue reached 3.66 billion dollars, versus expectations of 3.56 billion. It rose by more than 1 billion dollars compared with the previous quarter.
The loss per share (yes, it's still here) was 1.27 dollars, compared with expectations of 1.46 dollars. At least it was lower than expected.
The company raised its full-year revenue outlook to 13.0 to 13.3 billion dollars from the original 12 to 13 billion. Shares are up 18% so far after the results were released, before the market opens.
