Recap: Bakkt Hldgs Q3 Earnings
Portfolio Pulse from Benzinga Insights
Bakkt Holdings (NYSE:BKKT) reported Q3 earnings with an EPS of $-0.19, missing estimates by 11.76% against the expected $-0.17. However, revenue saw a significant increase from the same period last year, up by $191.90 million. In the previous quarter, BKKT beat EPS estimates by $0.01, leading to a 3.65% rise in share price the following day. The company's past earnings performance shows variability in EPS actuals compared to estimates, with a notable loss in Q4 2022.
November 14, 2023 | 12:40 pm
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Bakkt Holdings reported lower than expected Q3 earnings with an EPS miss, but showed a significant increase in revenue compared to last year.
While the EPS miss is negative, the substantial increase in revenue could offset investor concerns, leading to a neutral short-term impact. Historical data shows that a previous earnings beat resulted in a share price increase, but the inconsistency in performance may lead to mixed reactions.
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