MicroStrategy Q2 Earnings On Deck: What Investors Need To Know Before The 'Bitcoin Development Company' Reports After The Bell

Quick Summary:

What To Know: MicroStrategy is expected to report a second-quarter loss of 11 cents per share on quarterly revenue of $122.6 million, according to analyst estimates from Benzinga Pro.

In the first quarter of 2024, MicroStrategy’s revenue fell 5.5% year-over-year to $115.246 million, missing consensus estimates of $121.725 million.

In the comparable quarter last year, MicroStrategy missed revenue estimates by about 4.7%, but delivered an upside earnings surprise of approximately 230%.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: News Tech Top Stories Earnings Stories That Matter MSTR Michael Saylor $BTC Previews Expert Ideas Bitcoin 2024 Cryptocurrency US5949724083 Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 16:46:31 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21888246

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