Cleanspark Q2 2024 GAAP EPS $0.58 Beats $0.04 Estimate, Sales $111.800M Beat $102.574M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cleanspark reported Q2 2024 earnings of $0.58 per share, surpassing the $0.04 estimate, with sales of $111.8M beating the $102.574M forecast. This represents a 162.77% increase in sales compared to the same period last year.
May 09, 2024 | 1:05 pm
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Cleanspark's Q2 2024 earnings significantly exceeded expectations, with EPS at $0.58 against a $0.04 estimate and sales reaching $111.8M, surpassing the $102.574M estimate.
Cleanspark's substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales growth, indicates strong operational performance and market approval. This is likely to positively influence investor sentiment and the stock price in the short term, as the results far exceeded analyst expectations.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100