HashiCorp Q4 Adj EPS $0.05 Beats $0.01 Estimate, Sales $155.78M Beat $149.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
HashiCorp (NASDAQ:HCP) reported Q4 adjusted earnings of $0.05 per share, surpassing the $0.01 estimate, marking a 171.43% increase from last year's losses. Sales reached $155.78M, exceeding the $149.29M estimate, a 14.72% year-over-year increase.
March 05, 2024 | 9:04 pm
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HashiCorp reported a significant beat on both earnings and sales estimates for Q4, with adjusted EPS at $0.05 and sales of $155.78M.
The substantial beat on both earnings per share and sales estimates for HashiCorp indicates strong financial performance and operational efficiency. This outperformance, especially the significant increase from last year's losses, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100