Marathon Digital Holdings Q1 2024 Adj EPS $1.26 Beats $0.22 Estimate, Sales $165.200M Miss $180.690M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (MARA) reported Q1 2024 adjusted EPS of $1.26, surpassing the $0.22 estimate, but its sales of $165.2M fell short of the $180.69M forecast. This represents a 223.09% increase in sales compared to the same period last year.
May 09, 2024 | 8:08 pm
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Marathon Digital Holdings reported a significant beat on Q1 2024 EPS estimates but missed on sales forecasts, with a notable year-over-year sales increase.
The substantial beat on EPS estimates is likely to positively impact investor sentiment and MARA's stock price in the short term, despite the miss on sales forecasts. The significant year-over-year sales growth further underscores the company's growth trajectory, potentially mitigating the negative impact of the sales miss.
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