MicroStrategy Q2 2024 Adj EPS $(5.74) Misses $(0.11) Estimate, Sales $111.40M Miss $122.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy (NASDAQ:MSTR) reported Q2 2024 adjusted EPS of $(5.74), significantly missing the $(0.11) estimate. Sales were $111.40M, also missing the $122.60M estimate and down 7.48% from last year.
August 01, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
MicroStrategy reported a significant earnings miss for Q2 2024 with an adjusted EPS of $(5.74) compared to the $(0.11) estimate. Sales also missed expectations at $111.40M versus $122.60M, down 7.48% year-over-year.
The significant miss on both EPS and sales figures is likely to negatively impact MicroStrategy's stock price in the short term. The EPS miss was particularly large, indicating potential underlying issues.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100