: WeWork stock falls as losses narrow a little more than forecast but the revenue outlook is below projections


Shares of WeWork Inc. WE fell 0.6% in premarket trading Tuesday, after the flexible work space provider reported a first-quarter loss that narrowed a little more than expected and revenue that was in line, but provided a second-quarter outlook that was below Wall Street projections. Net losses narrowed to $264 million, or 34 cents a share, from $435 million, or 57 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 35 cents. Revenue grew 11.0% to $849 million, compared with the FactSet consensus of $849.3 million. All access consolidated memberships increased 36% to 75,000, consolidated…

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