Mawson Infra Gr Q1 EPS $(1.19) Misses $(0.12) Estimate, Sales $18.77M Beat $16.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group (NASDAQ:MIGI) reported a significant quarterly EPS loss of $(1.19), missing the analyst estimate of $(0.12) by a wide margin. However, the company reported strong sales of $18.77 million, beating the $16.00 million estimate and showing substantial growth from the previous year.
May 15, 2024 | 9:17 pm
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Mawson Infrastructure Group reported a significant EPS loss of $(1.19), missing the analyst estimate of $(0.12) by 891.67%. However, the company reported strong sales of $18.77 million, beating the $16.00 million estimate and showing substantial growth from the previous year.
The significant EPS miss is likely to negatively impact the stock price in the short term, despite the strong sales performance. Investors may focus more on the substantial earnings miss, which could overshadow the positive sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100