MicroStrategy Q3 2024 Adj. EPS $(1.56) Misses $(0.14) Estimate, Sales $116.071M Miss $122.660M Estimate
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy reported a significant miss in its Q3 2024 earnings, with an adjusted EPS of $(1.56) compared to the expected $(0.14), and sales of $116.071 million, below the $122.660 million estimate. This represents a 10.34% decrease in sales from the previous year.
October 30, 2024 | 8:02 pm
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MicroStrategy's Q3 2024 earnings report shows a significant miss on both EPS and sales estimates, with a 10.34% decrease in sales year-over-year.
The significant miss on both EPS and sales estimates, along with a year-over-year sales decline, is likely to negatively impact MicroStrategy's stock price in the short term. Investors may react to the larger-than-expected loss and decreased sales performance.
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IMPORTANCE 90
RELEVANCE 100