Mixed Bag of Q1 Earnings: Purple Innovation and Marathon Digital Beat Estimates, Riot Platforms and Vuzix Miss Consensus
- May 10th, 2023
- 599 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.
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