Cerebras Systems Q3 Loss Widens, Revenue Rises; Shares Gain After Hours
MT Newswires Live
15 hours ago
Cerebras Systems (CBRS) reported a Q3 loss late Thursday of $0.67 per diluted share, widening from the loss of $0.41 a year earlier.
Analysts polled by FactSet expected loss of $0.15.
Revenue in the three months ended Sept. 30 rose to $210.8 million from $135.7 million a year ago.
Analysts projected $214.7 million.
Cerebras expects Q4 revenue of $310 million to $330 million. Analysts project $274.9 million.
The company expects full-year revenue of $940 million to $960 million. On Aug. 12, Cerebras projected $880 million to $890 million. Analysts forecast $887.5 million.
Cerebras shares rose 13% in after-hours trading.
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