News Formal

MicroStrategy stock down as firm reports significant Q1 earnings miss

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

MicroStrategy stock down as firm reports significant Q1 earnings miss

Shares of MicroStrategy fell 3% in after-hours trading Monday after the company missed Wall Street’s expectations for the fiscal Q1 2024 earnings and revenue.

Since the end of the fourth quarter, MicroStrategy said it has purchased 25,250 bitcoins for $1.65 billion, averaging $65,232 per bitcoin. “As the world’s first Bitcoin Development Company, MicroStrategy is committed to the continued development of the bitcoin network through our activities in the financial markets, advocacy and technology innovation,” said Phong Le, President and CEO of MicroStrategy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MicroStrategy stock down as firm reports significant Q1 earnings missMicroStrategy stock down as firm reports significant Q1 earnings miss
Source: Investingcom - 🏆 450. / 53 Read more »

MicroStrategy could see $3 billion earnings boost if it adopts new accounting rules: BenchmarkMicroStrategy could boost its earnings by over $3 billion if it chooses to adopt new accounting rules, according to Benchmark.
Source: TheBlock__ - 🏆 464. / 53 Read more »