Bit Digital Q1 2024 GAAP EPS $0.43 Beats $0.01 Estimate, Sales $30.300M Beat $27.733M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bit Digital (NASDAQ:BTBT) reported Q1 2024 earnings of $0.43 per share, significantly beating the analyst estimate of $0.01. The company's sales were $30.3 million, also surpassing the estimate of $27.733 million.
May 15, 2024 | 8:43 pm
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Bit Digital reported Q1 2024 earnings of $0.43 per share, beating the analyst estimate of $0.01 by 4200%. Sales were $30.3 million, surpassing the estimate of $27.733 million.
The significant beat in both EPS and sales compared to analyst estimates is likely to positively impact BTBT's stock price in the short term. The substantial year-over-year growth further strengthens this positive outlook.
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IMPORTANCE 90
RELEVANCE 100