Yahoo Finance MicroStrategy First Quarter 2024 Earnings: Misses Expectations
MicroStrategy (NASDAQ:MSTR) First Quarter 2024 Results
Key Financial Results
Revenue: US$115.2m (down 5.5% from 1Q 2023).
Net loss: US$53.1m (down by 112% from US$461.2m profit in 1Q 2023).
US$3.09 loss per share (down from US$38.97 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MicroStrategy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 20% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 5 warning signs for MicroStrategy (1 makes us a bit uncomfortable) you should be aware of.
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