Riot Platforms Stock Falls After Worse-Than-Expected Q3 Results
Portfolio Pulse from Erica Kollmann
Riot Platforms, Inc. (NASDAQ:RIOT) reported worse-than-expected Q3 results, with losses of 54 cents per share and revenue of $84.786 million, both missing analyst estimates. Despite a 65% revenue increase year-over-year, shares fell 6.01% after-hours.
October 30, 2024 | 9:08 pm
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Riot Platforms reported Q3 losses of 54 cents per share, missing the consensus estimate of 15 cents. Revenue was $84.786 million, below the expected $95.352 million. Despite a 65% revenue increase year-over-year, shares fell 6.01% after-hours.
Riot Platforms' Q3 results were worse than expected, with both earnings and revenue missing analyst estimates. This led to a 6.01% drop in share price after-hours, indicating a negative short-term impact on the stock.
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