shares of wework inc we shot up 88 in premarket trading thursday after the coworking space rental company reported a much narrower firstquarter loss and revenue that rose above expectations and raised its outlook net losses narrowed to 435 million or 57 cents a share from 203 billion or 1434 a share in the yearago period as the number of shares outstanding increased more than fivefold to 75968 million shares revenue grew 28 to 765 million above previously provided guidance range of 740 million to 760 million there were not enough estimates provided by factset to have a consensus total expenses were about halved to 112 billion from 210 billion weworks systemwide real estate portfolio as of march 31 consisted of 765 locations in 38 countries supporting 916000 workstations and 626000 physical memberships up 32 from a year ago for the second quarter the company raised its revenue guidance range to 800 million to 825 million from 775 million to 825 million the stock has plummeted 407 year to date through wednesday while the sp 500 spx has dropped 174