Bit Digital, Inc. (BTBT) Reports Q3 Loss, Lags Revenue Estimates
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Bit Digital, Inc. (BTBT) reported a Q3 loss of $0.10 per share, missing the Zacks Consensus Estimate of a $0.03 loss. This is a larger loss compared to the $0.03 per share loss from the previous year.
November 18, 2024 | 4:15 pm
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Bit Digital, Inc. reported a larger-than-expected Q3 loss of $0.10 per share, missing the Zacks Consensus Estimate of a $0.03 loss. This indicates a worsening financial performance compared to the previous year.
The reported loss of $0.10 per share is significantly worse than the expected loss of $0.03 per share, indicating a negative surprise for investors. This larger-than-expected loss suggests deteriorating financial performance, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100