Cleanspark Q3 EPS $(1.03) Misses $(0.04) Estimate, Sales $104.11M Miss $110.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cleanspark (NASDAQ:CLSK) reported Q3 earnings per share (EPS) of $(1.03), significantly missing the analyst consensus estimate of $(0.04). The company also reported quarterly sales of $104.11 million, which fell short of the $110.88 million estimate. Despite the misses, sales increased by 128.69% year-over-year.
August 09, 2024 | 8:14 pm
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NEGATIVE IMPACT
Cleanspark reported Q3 EPS of $(1.03), missing the $(0.04) estimate by a wide margin. Sales of $104.11M also missed the $110.88M estimate. Despite the misses, sales increased 128.69% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact Cleanspark's stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100