Marathon Digital Holdings Q2 2024 Adj. EPS $(0.19) Misses $(0.14) Estimate, Sales $145.139M Miss $157.840M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) reported Q2 2024 adjusted EPS of $(0.19), missing the $(0.14) estimate by 35.71%. Sales were $145.139M, missing the $157.840M estimate by 8.05%, but up 77.52% from last year's $81.759M.
August 01, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marathon Digital Holdings reported Q2 2024 adjusted EPS of $(0.19), missing the $(0.14) estimate by 35.71%. Sales were $145.139M, missing the $157.840M estimate by 8.05%, but up 77.52% from last year's $81.759M.
The significant miss on both EPS and sales estimates is likely to negatively impact MARA's stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100