SPRINGFIELD, N.J. (AP) — SPRINGFIELD, N.J. (AP) — CoreWeave Inc. (CRWV) on Wednesday reported a loss of $314.6 million in its first quarter.
On a per-share basis, the Springfield, New Jersey-based company said it had a loss of $1.49. Losses, adjusted for non-recurring costs, were 83 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The cloud computing company posted revenue of $981.6 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $852.3 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 CRWV at https://www.zacks.com/ap/CRWV
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