CleanSpark Stock Falls After Bitcoin Miner Postpones Q3 Earnings
Portfolio Pulse from Adam Eckert
CleanSpark Inc (NASDAQ:CLSK) postponed its fiscal third-quarter earnings report, causing its stock to fall 2.39% in after-hours trading. The company was expected to report a loss of 4 cents per share on revenue of $110.881 million. Despite a recent 10.4% rally, CleanSpark shares are down 26% over the past three months.
August 08, 2024 | 8:47 pm
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CleanSpark Inc postponed its fiscal third-quarter earnings report, leading to a 2.39% drop in after-hours trading. The company was expected to report a loss of 4 cents per share on revenue of $110.881 million.
The postponement of the earnings report creates uncertainty and negatively impacts investor sentiment, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100