Riot Platforms Gains 1.4% as Major U.S. Indexes Fall
The shares rose to $16.70 in the session, while Zacks estimates point to lower quarterly revenue and earnings per share.
Key takeaways
- Riot Platforms shares rose 1.4% to $16.70 in the session.
- Zacks estimates quarterly revenue of $160.65 million and EPS of -$0.33.
Riot Platforms shares gained 1.4% to close at $16.70, while major U.S. stock indexes fell. The S&P 500 slipped 0.02%, the Dow lost 0.35% and the Nasdaq fell 0.15%.
The stock had lost 21.38% over the month leading into the session, according to the article. That compared with a 3.34% decline for the Finance sector and a 2.05% gain for the S&P 500.
Ahead of the company’s upcoming earnings report, Zacks consensus estimates put quarterly earnings per share at -$0.33 and revenue at $160.65 million. The estimates represent declines of 226.92% for earnings per share and 10.86% for revenue compared with the same quarter a year earlier.
This article was produced with the help of AI technology. Source: Yahoo Finance
