Bit Digital Q2 2024 GAAP EPS $(0.09) Misses $(0.03) Estimate, Sales $29.00M Beat $26.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bit Digital reported a Q2 2024 GAAP EPS of $(0.09), missing the $(0.03) estimate, but sales of $29.00M beat the $26.09M estimate, marking a 220.87% increase from last year.
August 19, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bit Digital's Q2 2024 earnings report showed a larger-than-expected loss per share, but sales exceeded expectations significantly, with a 220.87% increase from the previous year.
The earnings per share (EPS) miss could negatively impact investor sentiment, but the significant sales beat and year-over-year growth may offset this. The mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100