00:00 Speaker A
We’re turning now to Core Weave. That company just reports third quarter results. Let’s take a quick look at those numbers. Uh, Q3, let’s see, loss per share 22 cents. The estimate was a loss per share of 57 cents. Uh, adjusted operating income, 217.2 million. The street was closer to 177.2 million. Just looking for the top line here. There it is, Q3 revenue, 1.36 billion. Consensus was at 1.29 billion.
00:27 Speaker A
For uh adjusted EBITDA margins in the quarter, those clock in at 61%. Consensus was close to 62.3%. Just looking at least the initial reaction here in the after hours. We’re not doing a whole much down about 8/10th of a percent.
00:43 Speaker A
The stock action in this one has been interesting because it was up big heading into the print since the IPO in March, but it was down about 25% since reporting last time. That was in in mid- August. Obviously we we’ve seen these new questions raised about the AI trade, about AI valuations.
01:01 Speaker A
On the other hand, you know, Core Bull like this setup into the print because they argued this was a more attractive risk reward. They had pointed to what they saw as really more positive data points from the the cloud giants. In other words, big tech continuing to raise guidance for AI Capbacks and they argued that was good news for Core Weve in the quarters ahead. It’ll be interesting of course, all eyes on the conference call, see what executives say about the quarter, the print and what’s ahead. The street fairly divided on this one. 14 buys, 12 holds and three sells.