MicroStrategy Q3 Adj EPS $(8.98) Vs $(0.96) Last Year, Sales $129.46M Beat $126.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy reported Q3 adjusted losses of $(8.98) per share, a 835.42% decrease from $(0.96) per share last year. However, the company's quarterly sales of $129.46 million beat the analyst consensus estimate of $126.38 million by 2.44%, marking a 3.24% increase from the same period last year.
November 01, 2023 | 8:03 pm
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NEGATIVE IMPACT
MicroStrategy's Q3 results show a significant increase in losses but a slight beat on sales estimates.
The significant increase in losses could negatively impact investor sentiment and potentially drive the stock price down in the short term. However, the beat on sales estimates might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100