Mawson Infra Gr Q4 EPS $(0.76) Misses $(0.73) Estimate, Sales $14.02M Beat $9.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mawson Infra Gr (NASDAQ:MIGI) reported Q4 earnings with a loss of $(0.76) per share, missing the $(0.73) estimate, but sales of $14.02M exceeded the $9.75M forecast. This represents a 43.28% decrease in losses and a 16.82% decrease in sales compared to the same period last year.
April 01, 2024 | 2:28 pm
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Mawson Infra Gr reported a Q4 EPS loss of $(0.76), missing estimates, but exceeded sales forecasts with $14.02M. Losses decreased by 43.28% YOY, while sales saw a 16.82% YOY decrease.
The mixed results with a miss on EPS but a beat on sales forecasts could lead to neutral market reaction in the short term. The significant decrease in losses YOY is positive, but the decrease in sales YOY might raise concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100