Investing.com - Stronghold Digital Mining reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Stronghold Digital Mining announced earnings per share of $-1.27 on revenue of $24.75M. Analysts polled by Investing.com anticipated EPS of $-0.28 on revenue of $28.3M.
Stronghold Digital Mining shares are up 4.35% from the beginning of the year , still down 97.57% from its 52 week high of $28.80 set on Monday, November 15, 2021.
Stronghold Digital Mining follows other major Information Technology sector earnings this month
Stronghold Digital Mining's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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