Cipher Mining Q2 2024 Adj. EPS $(0.01) Beats $(0.04) Estimate, Sales $36.808M Miss $38.062M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining (NASDAQ:CIFR) reported Q2 2024 adjusted EPS of $(0.01), beating the analyst estimate of $(0.04). However, sales of $36.808 million missed the $38.062 million estimate. Sales increased by 17.88% year-over-year.

August 13, 2024 | 11:02 am
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POSITIVE IMPACT
Cipher Mining reported better-than-expected EPS for Q2 2024 but missed on sales estimates. Despite the sales miss, the company showed a significant year-over-year sales increase.
The better-than-expected EPS is a positive indicator for investors, suggesting cost management or other efficiencies. The sales miss is a slight negative but is offset by the strong year-over-year growth, leading to a likely positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100