SCHIPHOL, Netherlands (AP) — SCHIPHOL, Netherlands (AP) — Nebius Group N.V. (NBIS) on Thursday reported a loss of $249.6 million in its fourth quarter.
The Schiphol, Netherlands-based company said it had a loss of 99 cents per share. Losses, adjusted for non-recurring costs, came to 69 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The an AI-centric cloud platform posted revenue of $227.7 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $224.9 million.
For the year, the company reported profit of $101.7 million, or 40 cents per share. Revenue was reported as $529.8 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 NBIS at https://www.zacks.com/ap/NBIS
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