LIVINGSTON, N.J. (AP) 鈥� LIVINGSTON, N.J. (AP) 鈥� CoreWeave Inc. (CRWV) on Thursday reported a loss of $740 million in its first quarter.
On a per-share basis, the Livingston, New Jersey-based company said it had a loss of $1.40. Losses, adjusted for one-time gains and costs, were $1.11 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 89 cents per share.
The cloud computing company posted revenue of $2.08 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $1.96 billion.
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