HashiCorp rises on results beat, raised forecasts

Hashicorp

07/12/2022 23:42

** Shares of infrastructure software co HashiCorp Inc
 HCP.O  rise 7.4% to $28.70 after the bell
    ** HCP raises fiscal 2023 total rev forecast to $463
mln-$465 mln vs prior forecast of $442 mln-$448 mln
    ** Co expects Q4 rev between $123 mln and $125 mln vs
analysts' estimates of $119.9 mln, per Refinitiv IBES data
    ** HCP Q3 rev of $125.3 mln on adj loss/shr of 13 cents was
also above analysts' expectations of $111.1 mln on adj loss/shr
of 31 cents
    ** However, Q3 GAAP net loss widened to $72.0 mln compared
to $22.0 mln last year
    ** As of Wednesday's close, HCP has fallen ~71% YTD
 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com;))