MIAMI (AP) — MIAMI (AP) — Hut 8 Corp. (HUT) on Thursday reported second-quarter profit of $137.3 million.
The Miami-based company said it had net income of $1.18 per share. Losses, adjusted for non-recurring gains, came to 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The crypto currency mining company posted revenue of $41.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $47.8 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
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