Cleanspark Q1 2024 GAAP EPS $0.14 Up From $(0.46) YoY, Sales $73.79M Beat $70.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cleanspark reported Q1 2024 earnings of $0.14 per share, a significant increase from a loss of $(0.46) per share YoY. Sales reached $73.79M, surpassing the $70.41M estimate and marking a 165.24% increase from the previous year.
February 08, 2024 | 9:38 pm
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Cleanspark's Q1 2024 earnings report shows a significant improvement in both EPS and sales, indicating strong company performance and potential for stock price appreciation.
The substantial increase in Cleanspark's earnings per share (EPS) from a loss to a profit, along with a significant sales increase that beat analyst estimates, suggests a strong financial performance. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100