On Friday August 9, 2024, CleanSpark Reported Q3 Adj EPS $(0.01) Beats $(0.04) Estimate, Sales $104.11M Miss $110.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
CleanSpark reported its Q3 adjusted EPS of $(0.01), beating the estimate of $(0.04). However, its sales of $104.11 million missed the estimate of $110.88 million.
August 12, 2024 | 2:21 pm
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CleanSpark's Q3 adjusted EPS of $(0.01) beat the estimate of $(0.04), indicating better-than-expected profitability. However, the company's sales of $104.11 million missed the estimate of $110.88 million, suggesting weaker-than-expected revenue performance.
The better-than-expected EPS indicates improved profitability, which is positive for the stock. However, the miss on sales suggests weaker revenue performance, which could offset the positive EPS impact. Overall, the mixed results are likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100