Soluna Holdings Q2 EPS $(2.97) Up From $(9.54) YoY, Sales $9.68M Up From $2.07M YoY
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings (NASDAQ:SLNH) reported Q2 earnings per share (EPS) of $(2.97), a significant improvement from $(6.75) YoY. Sales increased to $9.68M from $2.07M YoY, marking a 367.84% rise.
August 15, 2024 | 12:46 pm
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Soluna Holdings reported Q2 EPS of $(2.97), a 56% improvement from $(6.75) YoY. Sales surged 367.84% to $9.68M from $2.07M YoY.
The significant improvement in EPS and the substantial increase in sales are positive indicators for Soluna Holdings. This could lead to a short-term increase in the stock price as investors react to the improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100