MicroStrategy Q1 2024 GAAP EPS $(3.09) May Not Compare To $(0.55) Estimate, Sales $115.200M Miss $121.725M Estimate
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy reported Q1 2024 GAAP EPS of $(3.09), significantly missing the $(0.55) estimate, with sales of $115.2M also missing the $121.725M estimate, marking a 5.51% decrease from the previous year.
April 29, 2024 | 8:02 pm
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NEGATIVE IMPACT
MicroStrategy's Q1 2024 earnings significantly missed estimates with a GAAP EPS of $(3.09) and sales of $115.2M, indicating a potential negative short-term impact on its stock price.
The significant miss in both EPS and sales estimates for MicroStrategy in Q1 2024, especially the EPS missing by over 461.82%, suggests a negative outlook for the company's financial health and operational efficiency. This could lead to a decrease in investor confidence and a potential drop in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100