Cipher Mining Q2 EPS $0.04 Beats $(0.03) Estimate, Sales $31.22M Miss $32.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining (NASDAQ:CIFR) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $(0.03) by 233.33%. This is a 150% increase over losses of $(0.08) per share from the same period last year. However, the company's quarterly sales of $31.22 million missed the analyst consensus estimate of $32.20 million by 3.04%.
August 08, 2023 | 11:03 am
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NEUTRAL IMPACT
Cipher Mining's Q2 earnings beat estimates, but sales missed the mark. This mixed result could lead to uncertain short-term price movement.
Cipher Mining's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. These mixed results could lead to uncertain short-term price movement for CIFR.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100