Cipher Mining Q3 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $30.30M Miss $36.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining (NASDAQ:CIFR) reported Q3 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.04) by 150 percent. However, the company's quarterly sales of $30.30 million missed the analyst consensus estimate of $36.74 million by 17.52 percent.
November 08, 2023 | 12:06 pm
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Cipher Mining's Q3 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the market.
Cipher Mining's earnings beat could be a positive signal to investors, indicating improved profitability. However, the sales miss could be a concern as it suggests lower than expected revenue. The mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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