US stock market movement | CoreWeave (CRWV.US) lowered its full-year revenue guidance, with prices dropping more than 8% before market open.
According to the Zhtng Cijng APP, on Tuesday, CoreWeave (CRWV.US) fell more than 8% before the market opened, to $96.82. In terms of news, the company achieved revenue of $1.36 billion in the third quarter, a year-on-year increase of 134%, exceeding the expected $1.29 billion; net loss was $110 million ($0.22 per share), a significant decrease from $359 million in the same period last year. However, due to delays in the progress of third-party data center contractors, the upper limit of the full-year revenue forecast for 2025 has been reduced to $5.15 billion, lower than analysts' expectations of $5.29 billion. In addition, capital expenditures for 2026 are expected to be "significantly higher" than double the amount for 2025 ($12-14 billion).
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