Mixed Bag of Q1 Earnings: Purple Innovation and Marathon Digital Beat Estimates, Riot Platforms and Vuzix Miss Consensus
- May 10th, 2023
- 411 views
Purple Innovation, Inc. (Nasdaq: PRPL) reported a Q1 adjusted loss of $0.12 per share, beating the consensus loss estimate of $0.13 per share. This positive news led to a surge in the company's stock price, with $PRPL trading at $3.14, up $0.64 (25.60%) in after-hours trading.
On the other hand, Riot Platforms, Inc. (Nasdaq: RIOT) reported a Q1 loss of $0.33 per share, missing the consensus loss estimate of $0.17 per share. This negative news resulted in a drop in the company's stock price, with $RIOT trading at $12.05, down $0.23 (-1.87%) in after-hours trading.
Similarly, Marathon Digital Holdings, Inc. (Nasdaq: MARA) reported its Q1 earnings, revealing a loss of $0.05 per share. While this result was narrower than the consensus estimate of a loss of $0.08 per share, $MARA trading at $10.05, down $0.17 (-1.66%) in after-hours trading
Lastly, Vuzix Corporation (Nasdaq: VUZI) reported a Q1 loss of $0.16 per share, slightly missing the consensus loss estimate of $0.15 per share. This news caused a decline in the company's stock price, with $VUZI trading at $4.44, down $0.15 (-3.27%) in after-hours trading.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
NVIDIA, Salesforce, and Agilent Technologies Earnings Loom: What to Expect
February 23rd, 2025Key Reports Ahead: KBR, Hims & Hers Health, and Cleveland-Cliffs Earnings Preview
February 23rd, 2025Earnings On Deck: What to Expect from Copart, Cheniere Energy, and Insulet
February 16th, 2025Earnings Preview: Amicus Therapeutics, ANSYS, and Etsy Take Center Stage
February 16th, 2025Key Metrics: Walmart, Booking Holdings, and Insmed Earnings Due
February 16th, 2025
Member Login