Bitfarms Q2 EPS $(0.10) Misses $(0.05) Estimate, Sales $35.48M Beat $34.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitfarms (NASDAQ:BITF) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.05) by 100%. However, the company's quarterly sales of $35.48 million beat the estimate of $34.10 million by 4.04%.
August 08, 2023 | 11:06 am
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Bitfarms reported higher than expected losses but beat sales estimates in Q2.
The company reported higher than expected losses which is a negative signal for investors. However, the sales beat estimates which could offset some of the negative impact. Overall, the news is likely to have a negative short term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100