CoreWeave (NASDAQ:CRWV) shares tend to sell off after earnings, with the stock averaging a double-digit decline following recent quarterly reports.
The company’s stock averaged a 17% drop following its last four quarterly reports, per CNBC.
CoreWeave Set to Post a Wider Q2 Loss
CoreWeave’s Tuesday earnings print is drawing attention. Analysts anticipate a second-quarter loss of $1.45 per share, compared with a 60 cents per share loss in the same period last year, per Benzinga Pro.
Revenue is expected to reach $2.56 billion, up from $1.21 billion a year ago. On Tuesday, CoreWeave announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity, which could influence future earnings.
