Marathon Digital Holdings (NASDAQ:MARA) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Marathon Digital Holdings beat estimated earnings by 37.5%, reporting an EPS of $-0.05 versus an estimate of $-0.08.
Revenue was down $586 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 7.08% increase in the share price the next day.
Here’s a look at Marathon Digital Holdings’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.35 | -0.22 | 0.22 |
| EPS Actual | -0.14 | -0.38 | -2.28 | -0.02 |
| Revenue Estimate | 34.95M | 23.53M | 37.57M | 54.27M |
| Revenue Actual | 28.42M | 12.69M | 94.92M | 51.72M |
To track all earnings releases for Marathon Digital Holdings visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
