Marathon Digital Holdings Q3 2023 EPS $0.35 Up From $(0.62) YoY, Revenue $97.8M Misses $99.702 M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings has reported its Q3 2023 earnings per share (EPS) at $0.35, up from $(0.62) year over year. However, the company's revenue of $97.8M fell short of the estimated $99.702M.
November 08, 2023 | 9:46 pm
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Marathon Digital's Q3 2023 earnings have improved YoY, but revenue missed estimates. This mixed result could lead to uncertain short-term price movements.
Marathon Digital's improved EPS indicates better profitability, which is a positive signal for investors. However, the missed revenue estimate could be a concern, as it suggests lower-than-expected sales performance. These mixed signals could lead to uncertainty in the short-term price direction of MARA stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100