Cerebras Systems reported better-than-expected second-quarter revenue and raised its full-year guidance.
Cerebras Systems raised its full-year guidance in the second earnings report following the chipmaker's initial public offering in May. But the stock tumbled about 14% in extended trading.
Here's how it did in the second quarter versus LSEG consensus estimates:
- Revenue: $180 million, versus $194 million expected
- Loss per share: 5 cents adjusted, versus 17 cents expected
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