Bitdeer Technologies Q4 EPS $(0.04) Misses $0.14 Estimate, Sales $114.85M Miss $124.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies (NASDAQ:BTDR) reported Q4 earnings with a loss of $(0.04) per share, missing the analyst consensus estimate of $0.14. Quarterly sales were $114.85M, also missing the estimate of $124.10M. Despite these misses, both earnings and sales showed significant improvement over the same period last year, with losses decreasing by 66.67% and sales increasing by 48.88%.
March 29, 2024 | 4:56 am
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NEGATIVE IMPACT
Bitdeer Technologies reported a Q4 EPS loss of $(0.04), missing estimates, and sales of $114.85M, also below expectations. However, there's a notable improvement compared to last year's performance.
Missing both EPS and sales estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the significant year-over-year improvements in both earnings and sales may mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100