Cerebras shares fall after first earnings report misses profit targets despite revenue beat
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by Mike Wheatley
Summary
Cerebras Systems Inc. reported mixed results in its first earnings report since going public. The AI chipmaker beat Wall Street's revenue projections but missed on earnings, reporting a loss of 22 cents per share (excluding stock compensation) versus the expected 16-cent-per-share loss. The disappointing earnings caused the company's stock to decline in after-hours trading.
Source
bskyCerebras shares fall after first earnings report misses profit targets despite revenue beatsiliconangle.comKey quotes
· 2 pulledThe company reported a first-quarter earnings loss before certain costs such as stock compensation of 22 cents per share, trailing the Street's target of a 16-cent-per-share loss.
Cerebras Systems Inc. delivered mixed results in its first earnings report since going public last month, beating Wall Street's revenue projections but falling short on earnings, sending its stock lower after-hours.
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