Bit Digital (NASDAQ:BTBT) reported its Q3 earnings results on Tuesday, November 14, 2023 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Bit Digital beat estimated earnings by 50.0%, reporting an EPS of $-0.03 versus an estimate of $-0.06.
Revenue was up $2.47 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11 which was followed by a 4.92% drop in the share price the next day.
Here’s a look at Bit Digital’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.13 | -0.11 | -0.06 |
| EPS Actual | 0.02 | 0.01 | -0.02 | -0.05 |
| Revenue Estimate | 9.58M | 7.75M | 7.90M | 16.00M |
| Revenue Actual | 9.04M | 8.27M | 7.78M | 9.13M |
** Listen to the earnings announcement yourself by clicking here. **
To track all earnings releases for Bit Digital visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
