CoreWeave Boosts Forecast, FireFly Aerospace Beats Estimates, Grocery Outlet Sinks
Notes de l’épisode
Today's biggest gainers and decliners in the stock market.
On this episode of Stock Movers:
- CoreWeave (CRWV) topped analysts’ estimates with quarterly results and boosted its annual forecast, easing investor concerns about the debt-laden business suffering a slowdown. Shares of CoreWeave rose in late trading Tuesday after the report was released. They were down 32% this year through the close. The results offer some solace to the battered neocloud industry, which provides computing power to AI developers. Though the company has been signing new customers and adding infrastructure, its rapid spending and heavy debt load have worried investors.
- Firefly Aerospace (FLY) shares slipped after it narrowed its revenue guidance for the full year.
- Grocery Outlet (GO) shares are downin extended trading after the discount supermarket chain lowered the high end of its adjusted Ebitda forecast for the full year.
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