TeraWulf Q4 EPS $(0.03) Misses $(0.02) Estimate, Sales $23.29M Miss $24.16M Estimate
Portfolio Pulse from dijoy@benzinga.com
TeraWulf (NASDAQ:WULF) reported Q4 earnings with a per-share loss of $(0.03), missing the $(0.02) estimate, and sales of $23.29M, below the $24.16M estimate. Despite these misses, both losses and sales showed significant improvement from the same period last year, with losses decreasing by 84.21% and sales increasing by 142.55%.
March 19, 2024 | 8:12 pm
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NEGATIVE IMPACT
TeraWulf reported a Q4 EPS loss of $(0.03), missing estimates, and sales of $23.29M, also below expectations. However, year-over-year, losses decreased and sales increased significantly.
Missing both EPS and sales estimates typically has a negative short-term impact on a company's stock price. However, the significant improvement in both metrics compared to the previous year might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100