TeraWulf Q2 2024 GAAP EPS $(0.03) Misses $(0.02) Estimate, Sales $35.574M Beat $35.439M Estimate
Portfolio Pulse from Benzinga Newsdesk
TeraWulf (NASDAQ:WULF) reported Q2 2024 GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $35.574M beat the $35.439M estimate. EPS improved by 62.5% YoY, and sales increased by 130.16% YoY.
August 12, 2024 | 8:17 pm
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NEUTRAL IMPACT
TeraWulf reported Q2 2024 GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $35.574M beat the $35.439M estimate. EPS improved by 62.5% YoY, and sales increased by 130.16% YoY.
While TeraWulf missed EPS estimates, the improvement in EPS YoY and the beat on sales estimates are positive signs. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100