Bitfarms Ltd. (BITF) Reports Q3 Loss, Tops Revenue Estimates
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Bitfarms Ltd. (BITF) reported a Q3 loss of $0.09 per share, which was better than the Zacks Consensus Estimate of a $0.12 loss. The company also exceeded revenue expectations.
November 13, 2024 | 2:45 pm
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Bitfarms Ltd. reported a smaller-than-expected Q3 loss of $0.09 per share, beating the Zacks Consensus Estimate of a $0.12 loss. The company also exceeded revenue expectations, which could positively influence investor sentiment.
The better-than-expected earnings per share and revenue performance suggest that Bitfarms is managing its operations effectively despite reporting a loss. This could lead to a positive short-term impact on the stock price as investors react to the earnings beat.
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