Greenidge Sees Prelim. Q4 2023 EPS $0.18-$0.32 Vs $0.20 Est.; Revenue ~$19.7M Vs $16.012M Est.
Portfolio Pulse from Benzinga Newsdesk
Greenidge Generation Holdings Inc. (GREE) reported its preliminary Q4 2023 earnings per share (EPS) to be between $0.18 and $0.32, compared to the estimated $0.20. The company's revenue is expected to be around $19.7 million, surpassing the estimated $16.012 million.
February 01, 2024 | 1:27 pm
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Greenidge Generation Holdings Inc. (GREE) reported preliminary Q4 2023 earnings with an EPS between $0.18 and $0.32, surpassing the $0.20 estimate. Revenue is also expected to exceed forecasts at approximately $19.7 million.
Greenidge's reported preliminary earnings for Q4 2023 indicate a positive performance, with both EPS and revenue exceeding analyst estimates. This outperformance is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price. The significant beat on both top and bottom lines suggests operational efficiency and growth, key factors that investors look for.
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