Riot Platforms Q2 2024 GAAP EPS $(0.32) Misses $(0.14) Estimate, Sales $70.018M Miss $72.222M Estimate
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms (NASDAQ:RIOT) reported Q2 2024 GAAP EPS of $(0.32), missing the $(0.14) estimate by 128.57%. Sales were $70.018M, missing the $72.222M estimate by 3.05% and down 8.76% from last year's $76.739M.
July 31, 2024 | 8:13 pm
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NEGATIVE IMPACT
Riot Platforms reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.32) missing the $(0.14) estimate by 128.57%. Sales also missed estimates and were down 8.76% year-over-year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact Riot Platforms' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100