Cipher Mining Q3 2024 Adj EPS $(0.01) Beats $(0.08) Estimate, Sales $24.10M Miss $29.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining reported a Q3 2024 adjusted EPS of $(0.01), beating the estimate of $(0.08), but sales of $24.10M missed the $29.22M estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.
October 31, 2024 | 11:05 am
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NEUTRAL IMPACT
Cipher Mining's Q3 2024 EPS of $(0.01) beat expectations, but sales of $24.10M fell short. Both earnings and sales decreased compared to last year.
Cipher Mining's better-than-expected EPS suggests cost management or other efficiencies, but the sales miss indicates potential challenges in revenue generation. The mixed results may lead to neutral short-term stock movement as investors weigh the positive EPS against the sales shortfall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100