Vodafone raises earnings outlook despite €4.79 billion first-half loss
A €4.85 billion impairment in Germany weighed on results, while acquisitions helped lift revenue 11.4% to €21.9 billion.
CoreWeave raises revenue outlook as spending plans weigh on shares
Third-quarter revenue reached $3.66 billion, exceeding estimates, while the AI cloud provider raised the lower end of its annual spending forecast.
CoreWeave lifted its 2026 revenue forecast on November 10 after quarterly sales exceeded Wall Street expectations, but its shares were down about 4% in volatile extended trading as investors also assessed higher planned spending.
The company reported third-quarter revenue of $3.66 billion, up nearly 170%, against an estimate of $3.55 billion. Its loss was 95 cents per share, smaller than the $1.16 loss analysts expected, according to LSEG data.
CoreWeave now projects 2026 revenue of $13.0 billion to $13.3 billion; its previous range was $12.4 billion to $13.2 billion. The company also increased the bottom of its annual spending forecast by $2 billion, putting the revised range at $37 billion to $39 billion. Quarterly capital spending reached $14.5 billion, compared with $9.4 billion a quarter earlier.
The Nvidia-backed cloud provider had about $46.9 billion in total debt at September's close and has never recorded a profit, according to LSEG data. Its stock has fallen more than 40% over the past month amid investor concerns about borrowing to finance AI data centers.
CEO Mike Intrator said $9 billion in customer prepayments and deposits was expected over the next three months. He said investment follows customer commitments and that customers typically contribute to financing construction. CoreWeave's contracted revenue backlog reached $132.5 billion at September's close, up from $104 billion at June's close.