Riot Platforms Q2 Sales $76.70M Miss $87.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms (NASDAQ:RIOT) reported Q2 sales of $76.70 million, missing the analyst consensus estimate of $87.53 million by 12.37 percent. However, this is a 5.14 percent increase over sales of $72.95 million the same period last year.
August 09, 2023 | 9:25 pm
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Riot Platforms' Q2 sales missed analyst estimates by 12.37%, but showed a 5.14% YoY increase.
Riot Platforms' Q2 sales missed the analyst consensus, which could negatively impact investor sentiment and potentially lead to a short-term drop in the stock price. However, the YoY increase in sales might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100