Riot Platforms Q3 2024 GAAP EPS $(0.54) Misses $(0.15) Estimate, Sales $84.786M Miss $95.352M Estimate
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms reported a Q3 2024 GAAP EPS of $(0.54), missing the $(0.15) estimate by 260%. Sales were $84.786M, missing the $95.352M estimate by 11.08%. Despite the miss, sales increased by 63.39% from the previous year.
October 30, 2024 | 8:34 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Riot Platforms reported a significant earnings miss for Q3 2024, with EPS at $(0.54) against an expected $(0.15). Sales also fell short of expectations, though they showed a substantial year-over-year increase.
The significant miss on both EPS and sales estimates is likely to negatively impact Riot Platforms' stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100