Bit Digital Q3 EPS $(0.03) Up From $(0.05) YoY, Sales $11.60M Up From $9.13M YoY
Portfolio Pulse from Benzinga Newsdesk
Bit Digital (NASDAQ:BTBT) reported a narrower Q3 loss of $(0.03) per share compared to $(0.05) per share in the same quarter last year. Sales increased by 27.04% to $11.60 million from $9.13 million in the same period last year.
November 14, 2023 | 1:19 pm
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POSITIVE IMPACT
Bit Digital reported improved Q3 earnings with a reduced loss per share and increased sales compared to the previous year.
The reported reduction in losses and increase in sales are positive indicators of the company's performance and are likely to be viewed favorably by investors. This could lead to a short-term positive impact on Bit Digital's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100