Stronghold Digital Mining Q4 Sales $21.74M Miss $22.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stronghold Digital Mining (NASDAQ:SDIG) reported Q4 sales of $21.74M, missing the consensus estimate of $22.21M by 2.12% and marking a 7.12% decrease from the same period last year.
March 06, 2024 | 1:36 pm
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NEGATIVE IMPACT
Stronghold Digital Mining reported Q4 sales of $21.74M, missing estimates by 2.12% and experiencing a 7.12% YOY decrease.
Missing sales estimates and reporting a year-over-year decrease in sales are typically seen as negative indicators for a company's financial health and operational efficiency. This could lead to a negative short-term impact on SDIG's stock price as investors adjust their expectations.
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