CoreWeave: Q3 Earnings Snapshot

LIVINGSTON, N.J. (AP) — LIVINGSTON, N.J. (AP) — CoreWeave Inc. (CRWV) on Tuesday reported a loss of $709 million in its third quarter.

The Livingston, New Jersey-based company said it had a loss of $1.27 per share. Losses, adjusted for one-time gains and costs, came to $1 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.16 per share.

The cloud computing company posted revenue of $3.66 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $3.54 billion.

CoreWeave expects full-year revenue in the range of $13 billion to $13.3 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRWV at https://www.zacks.com/ap/CRWV