Marathon Digital Holdings Q2 Adj EPS $(0.19) Misses $(0.14) Estimate, Sales $145.14M Miss $161.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) reported Q2 adjusted EPS of $(0.19), missing the $(0.14) estimate, and sales of $145.14M, missing the $161.03M estimate. EPS decreased by 46.15% year-over-year, while sales increased by 77.52%.
August 01, 2024 | 9:10 pm
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Marathon Digital Holdings reported Q2 adjusted EPS of $(0.19), missing the $(0.14) estimate by 35.71%. Sales were $145.14M, missing the $161.03M estimate by 9.87%. EPS decreased by 46.15% year-over-year, while sales increased by 77.52%.
The significant miss on both EPS and sales estimates is likely to negatively impact MARA's stock price in the short term. The year-over-year decrease in EPS and the miss on sales estimates despite a substantial increase in sales indicate potential operational or market challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100