Bitfarms Q4 Sales $46.24M Beat $43.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitfarms (NASDAQ:BITF) reported Q4 sales of $46.24M, surpassing the analyst consensus estimate of $43.08M by 7.34% and marking a 71.02% increase from the same period last year.
March 07, 2024 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitfarms reported Q4 sales of $46.24M, exceeding estimates by 7.34% and showing significant growth from last year.
The positive earnings report, with sales exceeding estimates and showing significant year-over-year growth, is likely to instill investor confidence and could lead to a short-term uptick in BITF's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100