CoreWeave Shares Jump 15% on Earnings

CoreWeave shares jumped 15% in premarket trading Wednesday after the neocloud posted quarterly earnings that beat estimates and raised its guidance for the year. Revenue jumped 168% to $3.7 billion in the third quarter, the company said in a Tuesday statement. CoreWeave expects $1.275 billion to $1.375 billion in adjusted operating income on $13 billion to $13.3 billion in revenue.