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Benzinga
Benzinga
Business
Adam Eckert

CoreWeave Stock Is Tumbling Wednesday: What's Fueling The Sell-Off?

CoreWeave CoreWeave Inc CRWV Nasdaq
CoreWeave Inc.

CoreWeave Inc (NASDAQ:CRWV) shares are moving lower Wednesday on the heels of the company’s second-quarter financial results. A wider-than-expected loss appears to be weighing on shares.

What To Know: CoreWeave reported mixed results for the second-quarter with revenue of $1.21 billion coming in ahead of estimates of $1.08 billion, and a quarterly loss of 27 cents per share versus estimates for a loss of 17 cents per share.

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