Greenidge Generation Hldg Q2 Sales $13.06M Miss $16.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Greenidge Generation Holdings (NASDAQ:GREE) reported Q2 sales of $13.06 million, missing the analyst consensus estimate of $16.10 million by 18.90%. This represents an 11.24% decrease from the same period last year.
August 14, 2024 | 10:02 pm
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Greenidge Generation Holdings reported Q2 sales of $13.06 million, missing the analyst consensus estimate of $16.10 million by 18.90%. This is an 11.24% decrease from the same period last year, indicating potential challenges in revenue generation.
The significant miss on sales estimates and the year-over-year decline in revenue suggest potential operational or market challenges. This is likely to negatively impact investor sentiment and the stock price in the short term.
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