Argo Blockchain Q3 EPS $(0.02) Beats $(0.12) Estimate, Sales $10.41M Miss $13.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain (NASDAQ:ARBK) reported Q3 EPS of $(0.02), surpassing the $(0.12) estimate, marking an 83.33% beat and a 50% improvement from last year's $(0.04) per share. However, sales of $10.41M fell short of the $13.28M estimate by 21.61% and were down 20.53% from $13.10M in the same period last year.
November 14, 2023 | 7:05 am
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Argo Blockchain's Q3 EPS outperformed estimates significantly, showing a 50% improvement from the previous year, but sales underperformed, missing estimates by 21.61% and showing a 20.53% year-over-year decline.
The mixed results with a positive EPS beat but disappointing sales figures could lead to neutral market sentiment in the short term. Investors may weigh the improved profitability against the revenue decline, leading to uncertain price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100