Strategy’s third-quarter net income was down from its record $10 billion in Q2, but still lifted its shares after the bell.
Shares in Strategy have risen nearly 6% after hours as the Bitcoin treasury company reported a net income of $2.8 billion for its third quarter, down from the second quarter but still beating analyst expectations.
Strategy on Thursday reported diluted earnings per share of $8.42 for the three months ending Sept. 30, beating Wall Street expectations of $8.15.
Its $2.8 million income for the quarter was a major jump from its $340.2 million loss the same time a year ago, but a fall from its record $10 billion net income in Q2.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
