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Hut 8: Q3 Earnings Snapshot
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MIAMI (AP) — MIAMI (AP) — Hut 8 Corp. (HUT) on Wednesday reported third-quarter earnings of $131.1 million.

On a per-share basis, the Miami-based company said it had profit of 98 cents. Losses, adjusted for non-recurring gains, came to $1.23 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.

The crypto currency mining company posted revenue of $71.1 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $75.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUT at https://www.zacks.com/ap/HUT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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