Hut 8 Mining Q2 EPS $(0.06) Up From $(0.38) YoY, Sales $14.28M Down From $34.36M YoY
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining (NASDAQ:HUT) reported Q2 losses of $(0.06) per share, an 84.32% increase from $(0.38) per share YoY. However, sales decreased by 58.44% to $14.28 million from $34.36 million YoY.
August 14, 2023 | 10:33 am
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Hut 8 Mining's Q2 earnings report shows a significant improvement in EPS losses but a substantial decrease in sales YoY.
While Hut 8 Mining's EPS losses have improved significantly, the substantial decrease in sales could be a concern for investors. This mixed result makes it difficult to predict the short-term impact on the stock price.
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IMPORTANCE 80
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