Greenidge Generation Hldg Q4 EPS $0.36 Beats $0.28 Estimate, Sales $19.60M Miss $26.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Greenidge Generation Holdings (NASDAQ:GREE) reported Q4 earnings of $0.36 per share, surpassing the $0.28 estimate, marking a 105.9% increase from last year. However, their Q4 sales of $19.60M fell short of the $26.70M estimate, despite being a 22.41% increase from the previous year.
April 10, 2024 | 12:04 pm
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Greenidge Generation Holdings reported higher than expected Q4 earnings per share but missed sales estimates, showing mixed financial performance.
The positive earnings per share (EPS) beat indicates operational efficiency and profitability, which could attract investors looking for earnings growth. However, the miss on sales estimates may raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the EPS beat. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100