Cerebras: Q3 Earnings Snapshot

SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Cerebras Systems Inc. (CBRS) on Thursday reported a loss of $161.2 million in its third quarter.

The Sunnyvale, California-based company said it had a loss of 67 cents per share. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The artificial intelligence hardware and infrastructure company posted revenue of $210.8 million in the period. Its adjusted revenue was $230.9 million.

For the current quarter ending in December, Cerebras said it expects revenue in the range of $310 million to $330 million.

The company expects full-year revenue in the range of $940 million to $960 million.

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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 CBRS at https://www.zacks.com/ap/CBRS