BIT Mining Limited Q3 2023 EPS $(0.32) Down From $(0.02) YoY, Revenue $77M Beats $74.5M Estimate
Portfolio Pulse from Benzinga Newsdesk
BIT Mining Limited reported a Q3 2023 EPS of $(0.32), a significant decrease from $(0.02) in the same quarter the previous year. However, the company's revenue of $77M exceeded the $74.5M estimate.
November 17, 2023 | 9:40 pm
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BIT Mining Limited (BTCM) reported a larger loss per share in Q3 2023 compared to the previous year, but surpassed revenue estimates.
While BIT Mining Limited's earnings per share (EPS) showed a negative trend, the revenue beat may offset some of the negative sentiment. The mixed results could lead to a neutral short-term impact as investors digest both the increased loss and the higher-than-expected revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100