Hut 8 Mining Q2 EPS $(0.78) Misses $(0.03) Estimate
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining reported a Q2 EPS of $(0.78), missing the estimate of $(0.03).
August 13, 2024 | 10:32 am
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NEGATIVE IMPACT
Hut 8 Mining reported a Q2 EPS of $(0.78), significantly missing the estimate of $(0.03). This substantial miss could negatively impact investor sentiment and the stock price in the short term.
The significant miss in EPS compared to the estimate is likely to result in a negative reaction from investors, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100