{"id":158792,"date":"2022-06-03T15:04:45","date_gmt":"2022-06-03T15:04:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158792"},"modified":"2022-06-03T15:04:45","modified_gmt":"2022-06-03T15:04:45","slug":"wider-q1-loss-drives-down-hashicorp-shares","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/wider-q1-loss-drives-down-hashicorp-shares\/","title":{"rendered":"Wider Q1 Loss Drives Down  HashiCorp Shares"},"content":{"rendered":"<p> Shares of HashiCorp, Inc. (HCP) are down more than 17% Friday morning, after reporting wider loss in the first quarter. HashiCorp provides multi-cloud infrastructure automation solutions. <\/p>\n<p>Net loss in the first quarter widened to $78.2 million from $15.6 million loss in the same period last year. <\/p>\n<p>Net loss per share was $0.43 based on 182.9 million shares outstanding in the first quarter, compared with loss per share of $0.24 based on 65.7 million shares outstanding in the same period last year. <\/p>\n<p>Excluding one-time items, loss was $31.8 million or $0.17 per share, that beat the average estimate of analysts polled by Thomson Reuters of $0.29 loss per share.<\/p>\n<p>Revenue for the quarter, however, increased 51% year-over-year to $100.9 million.<\/p>\n<p>HCP, currently at $34.00, has traded in the range of $29.26-$102.95 in the past 52 weeks. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3288579\/wider-q1-loss-drives-down-hashicorp-shares.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of HashiCorp, Inc. (HCP) are down<\/p>\n","protected":false},"author":3,"featured_media":158791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wider Q1 Loss Drives Down HashiCorp Shares - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/wider-q1-loss-drives-down-hashicorp-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wider Q1 Loss Drives Down HashiCorp Shares - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Shares of HashiCorp, Inc. 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