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HashiCorp stock falls 2% despite Q2 beat

AuthorDavit Kirakosyan
EditorAmbhini Aishwarya
Published 08/31/2023, 06:39 PM
© Reuters. HashiCorp stock falls 2% despite Q2 beat
HCP
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HashiCorp (NASDAQ:HCP) shares fell more than 2% after-hours following the company’s reported Q2 results, with EPS of ($0.10) coming in better than the consensus estimate of ($0.15). Revenue was $143.2 million, beating the consensus estimate of $138.22M.

“I’m pleased with our results in Q2 of FY24, with solid execution that led to 26% year-over-year revenue growth. Our team is continuing to win in the market despite a challenging purchasing environment, and our product innovation is positioning us well for the long-term opportunity before us,” said CEO Dave McJannet.

For Q3/24, the company expects EPS of ($0.05)-($0.03), compared to the consensus of ($0.04), and revenue of $142-$144M, compared to the consensus of $141.74M.

For the full year, the company anticipates EPS in the range of ($0.23)-($0.21), compared to the consensus of ($0.26), and revenue in the range of $571-$575M, compared to the consensus of $567.59M.

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