Bitcoin Depot Q2 Sales $163.10M Beat $149.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bitcoin Depot (NASDAQ:BTM) reported Q2 sales of $163.10 million, beating the analyst consensus estimate of $149.30 million by 9.24%. However, this represents a 17.41% decrease from the same period last year.
August 13, 2024 | 12:23 pm
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Bitcoin Depot reported Q2 sales of $163.10 million, surpassing the analyst estimate of $149.30 million by 9.24%. Despite this, sales decreased by 17.41% compared to the same period last year.
The positive earnings surprise is likely to boost short-term investor sentiment, despite the year-over-year decline in sales. Beating analyst estimates by 9.24% is a strong indicator of better-than-expected performance.
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IMPORTANCE 80
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