MicroStrategy Third-Quarter Earnings Report Falls Short of Expectations – Here’s What You Need to Know
Source: A video screenshot, Youtube/Bitcoin Magazine Bitcoin (BTC) bull Michael Saylor’s company MicroStrategy delivered earnings that fell short of expectations on Tuesday, despite relatively stable bitcoin prices during the quarter. According to the earnings report, MicroStrategy’s quarterly result fell short of the market’s expectations, with earnings falling 2.1% for the quarter to a total of $125.4m. The expectation was that MicroStrategy would post quarterly earnings of $127.58. MicroStrategy quarterly earnings. Source: TradingView Despite the disappointing earnings, shares of MicroStrategy rose by 1.09% in after-hours trading on Tuesday to $260. The slight gain followed a loss of 3.85% for the day during regular market hours yesterday. Year-to-date, MicroStrategy shares are now down close to 54%. MicroStrategy stock year-to-date. Source: Google MicroStrategy’s massive holding of bitcoin has put pressure on the firm&rsquo ;s bottom lin...