Marathon Digital Holdings Q2 EPS $(0.13) Misses $(0.04) Estimate, Sales $81.80M Miss $92.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) reported Q2 losses of $(0.13) per share, missing the analyst consensus estimate of $(0.04) by 225%. The company also reported quarterly sales of $81.80 million, missing the analyst consensus estimate of $92.65 million by 11.71%. This represents a 13.82% decrease over sales from the same period last year.
August 08, 2023 | 8:52 pm
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NEGATIVE IMPACT
Marathon Digital's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Marathon Digital reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100