Bitfarms Q1 2024 GAAP EPS $(0.02) Misses $(0.01) Estimate, Sales $50.317M Miss $64.811M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitfarms reported its Q1 2024 financial results, with a GAAP EPS of $(0.02), missing the $(0.01) estimate. Sales were $50.317 million, falling short of the $64.811 million estimate.
May 15, 2024 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bitfarms reported a disappointing Q1 2024 with a GAAP EPS of $(0.02), missing the $(0.01) estimate, and sales of $50.317 million, missing the $64.811 million estimate.
The earnings and sales miss are likely to negatively impact Bitfarms' stock price in the short term as the company failed to meet market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100