MicroStrategy Q2 Adj EPS $2.35 Beats $0.71 Estimate, Sales $120.40M Miss $126.30M Estimate
Portfolio Pulse from totan@benzinga.com
MicroStrategy (NASDAQ:MSTR) reported Q2 earnings of $2.35 per share, beating the analyst consensus estimate of $0.71 by 230.99%. This is a 102.53% increase from the same period last year. However, the company's quarterly sales of $120.40 million missed the analyst consensus estimate of $126.30 million by 4.67%, marking a 1.37% decrease from the same period last year.
August 04, 2023 | 10:18 am
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MicroStrategy's Q2 earnings significantly beat estimates, but sales fell short. This mixed result could lead to uncertainty in the market.
MicroStrategy's earnings beat estimates by a significant margin, which is a positive signal. However, the company's sales missed estimates, which could be a concern for investors. The mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100