WeWork shares should outperform on results, says Piper Sandler

Piper Sandler analyst Alexander Goldfarb says WeWork had a greater net loss than forecast in Q4, driven by a bigger impairment. Adjusted for the impairment and currency, WeWork’s comparable earnings per share would be (37c), better than Piper’s (40c) estimate, the analyst tells investors in a research note. The firm thinks the stock should outperform today given the "strong" results, including its on track path to profitability.