Missed EPS but sales are good.

1
Comment
Favorite

Missed EPS but sales are good. Future growth is 🚀

Marathon Digital Swings to a Profit, but Its Stock Falls 7% after Earnings

Marathon Digital Holdings (NASDAQ:MARA) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.03 by 166.67 percent. The company reported quarterly sales of $156.77 million

Marathon Digital Swings to a Profit, but Its Stock Falls 7% after Earnings

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":279087193911456,"tweetId":"279087193911456","gmtCreate":1709158134431,"gmtModify":1709158139222,"author":{"id":3577178131767316,"authorId":3577178131767316,"authorIdStr":"3577178131767316","name":"MerLina","avatar":"https://community-static.tradeup.com/news/3465250a92f21a742e98827607221f91","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","individualDisplayEnabled":0},"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Missed EPS but sales are good. Future growth is 🚀</p></body></html>","htmlText":"<html><head></head><body><p>Missed EPS but sales are good. Future growth is 🚀</p></body></html>","text":"Missed EPS but sales are good. Future growth is 🚀","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/279087193911456","repostId":2415586336,"repostType":2,"repost":{"id":"2415586336","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1709162325,"share":"https://www.laohu8.com/m/news/2415586336?lang=&edition=full","pubTime":"2024-02-29 07:18","market":"us","language":"en","title":"Marathon Digital Swings to a Profit, but Its Stock Falls 7% after Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2415586336","media":"Dow Jones","summary":"Marathon Digital Holdings (NASDAQ:MARA) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.03 by 166.67 percent.  The company reported quarterly sales of $156.77 million","content":"<html><head></head><body><p style=\"text-align: start;\">Marathon Digital Holdings Inc.’s stock has been on a big run over the past month, but that was set to cool after the company’s latest results. The company reported a loss of 2 cents per share in the fourth quarter, which missed a Street consensus estimate of a profit of 3 cents per share.</p><p style=\"text-align: start;\">Shares of Marathon Digital were down more than 7% in Wednesday’s after-hours action, even as the bitcoin-mining company swung to a profit. The stock has risen 74% over the past month and 151% over the past three months as bitcoin prices have surged.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94981c11a89b9738af85656845b19ec0\" title=\"\" tg-width=\"841\" tg-height=\"838\"/></p><p>Marathon posted fiscal fourth-quarter net income of $151.8 million, or 66 cents a share, whereas it logged a net loss of $391.6 million, or $3.13 a share, in the year-earlier period. That prior-year period included more than $300 million in impairments of mining equipment and vendor advances.</p><p>Revenue for the latest quarter came in at $156.8 million, up from $28.4 million a year prior. Analysts had been looking for $148.8 million.</p><p>“Given our momentum, our strong balance sheet, and the differentiators we are building with our technology stack, we are optimistic that the most exciting times for our organization are still to come,” Chief Executive Fred Thiel said in a release.</p><p>The company produced 4,242 bitcoins in the fourth quarter, compared with 1,562 in the same period a year before. It said its fleet efficiency improved 21%.</p><p>Marathon reduced its debt by 56% to $331 million at a 21% discount to par.</p><p>Thiel said that during 2024, Marathon plans to grow its hash rate to about 35 to 37 exahash from just under 25 in 2023. Exahash is a unit that measures computational power. By the end of 2025, Marathon expects to be at 50 exahash.</p><p>“With orders for 22 exahash of miners already placed and options to add an additional 23 exahash to these orders, we believe there may be opportunities to accelerate our growth targets,” he said.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marathon Digital Swings to a Profit, but Its Stock Falls 7% after Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarathon Digital Swings to a Profit, but Its Stock Falls 7% after Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-29 07:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Marathon Digital Holdings Inc.’s stock has been on a big run over the past month, but that was set to cool after the company’s latest results. The company reported a loss of 2 cents per share in the fourth quarter, which missed a Street consensus estimate of a profit of 3 cents per share.</p><p style=\"text-align: start;\">Shares of Marathon Digital were down more than 7% in Wednesday’s after-hours action, even as the bitcoin-mining company swung to a profit. The stock has risen 74% over the past month and 151% over the past three months as bitcoin prices have surged.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94981c11a89b9738af85656845b19ec0\" title=\"\" tg-width=\"841\" tg-height=\"838\"/></p><p>Marathon posted fiscal fourth-quarter net income of $151.8 million, or 66 cents a share, whereas it logged a net loss of $391.6 million, or $3.13 a share, in the year-earlier period. That prior-year period included more than $300 million in impairments of mining equipment and vendor advances.</p><p>Revenue for the latest quarter came in at $156.8 million, up from $28.4 million a year prior. Analysts had been looking for $148.8 million.</p><p>“Given our momentum, our strong balance sheet, and the differentiators we are building with our technology stack, we are optimistic that the most exciting times for our organization are still to come,” Chief Executive Fred Thiel said in a release.</p><p>The company produced 4,242 bitcoins in the fourth quarter, compared with 1,562 in the same period a year before. It said its fleet efficiency improved 21%.</p><p>Marathon reduced its debt by 56% to $331 million at a 21% discount to par.</p><p>Thiel said that during 2024, Marathon plans to grow its hash rate to about 35 to 37 exahash from just under 25 in 2023. Exahash is a unit that measures computational power. By the end of 2025, Marathon expects to be at 50 exahash.</p><p>“With orders for 22 exahash of miners already placed and options to add an additional 23 exahash to these orders, we believe there may be opportunities to accelerate our growth targets,” he said.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc"},"source_url":"https://www.benzinga.com/news/earnings/24/02/37377813/marathon-digital-holdings-q4-2023-adj-eps-0-02-misses-0-03-estimate-sales-156-77m-beat-144-08m-esti","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2415586336","content_text":"Marathon Digital Holdings Inc.’s stock has been on a big run over the past month, but that was set to cool after the company’s latest results. The company reported a loss of 2 cents per share in the fourth quarter, which missed a Street consensus estimate of a profit of 3 cents per share.Shares of Marathon Digital were down more than 7% in Wednesday’s after-hours action, even as the bitcoin-mining company swung to a profit. The stock has risen 74% over the past month and 151% over the past three months as bitcoin prices have surged.Marathon posted fiscal fourth-quarter net income of $151.8 million, or 66 cents a share, whereas it logged a net loss of $391.6 million, or $3.13 a share, in the year-earlier period. That prior-year period included more than $300 million in impairments of mining equipment and vendor advances.Revenue for the latest quarter came in at $156.8 million, up from $28.4 million a year prior. Analysts had been looking for $148.8 million.“Given our momentum, our strong balance sheet, and the differentiators we are building with our technology stack, we are optimistic that the most exciting times for our organization are still to come,” Chief Executive Fred Thiel said in a release.The company produced 4,242 bitcoins in the fourth quarter, compared with 1,562 in the same period a year before. It said its fleet efficiency improved 21%.Marathon reduced its debt by 56% to $331 million at a 21% discount to par.Thiel said that during 2024, Marathon plans to grow its hash rate to about 35 to 37 exahash from just under 25 in 2023. Exahash is a unit that measures computational power. By the end of 2025, Marathon expects to be at 50 exahash.“With orders for 22 exahash of miners already placed and options to add an additional 23 exahash to these orders, we believe there may be opportunities to accelerate our growth targets,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":41,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}