Bitdeer Technologies Q1 EPS $0.01 Misses $0.11 Estimate, Sales $119.50M Beat $117.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies (NASDAQ:BTDR) reported Q1 earnings of $0.01 per share, missing the consensus estimate of $0.11 by 90.91%. However, their quarterly sales of $119.50M exceeded the estimate of $117.53M by 1.68%, marking a 64.60% increase from the previous year.
May 13, 2024 | 12:41 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bitdeer Technologies missed Q1 EPS estimates but exceeded revenue expectations, showing significant sales growth compared to last year.
The miss in EPS estimates by a significant margin could negatively impact investor sentiment in the short term. However, the beat on revenue estimates and the substantial year-over-year sales growth could offset some of the negative impact. The mixed results present a neutral outlook for the stock in the short term, as the positive revenue performance may balance out concerns over the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100