Core Scientific Stock Drops On Wider-Than-Expected Q1 Loss

Core Scientific Inc. (NASDAQ:CORZ) reported first-quarter results after Wednesday’s closing bell, missing EPS estimates. Here’s a look at the details inside the report. 

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Core Scientific Q1 Details       

Core Scientific reported quarterly losses of 10 cents per share, which missed the consensus estimate for losses of seven cents, according to Benzinga Pro data. 

Quarterly revenue came in at $115.24 million, which beat the Street estimate of $111.25 million and was up from $79.53 million in the same period last year.

Core Scientific reported the following first-quarter metrics:

• Colocation revenue was $77.5 million, up from $8.6 million in the first …

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