Stock Track | TeraWulf Plunges 5.26% in Pre-market Trading as FY2024 Earnings Miss Estimates

Stock Track

02-28

TeraWulf Inc. (WULF) stock is experiencing a pre-market plunge of 5.26% on Friday after the company reported its fiscal year 2024 earnings results, which missed analyst estimates.

According to the earnings reports, TeraWulf posted FY2024 revenue of $140.051 million, missing the consensus estimate of $143.071 million. Additionally, the company reported a GAAP loss per share of $0.21, wider than the expected loss of $0.16 per share.

TeraWulf also reported an adjusted EBITDA of $60.4 million for FY2024, falling short of the estimated $64.9 million. The company's disappointing financial performance has led to the pre-market sell-off in its stock price.

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(WULF) stock is experiencing a pre-market plunge of 5.26% on Friday after the company reported its fiscal year 2024 earnings results, which missed analyst estimates.</p>\n<p>According to the earnings reports, TeraWulf posted FY2024 revenue of $140.051 million, missing the consensus estimate of $143.071 million. Additionally, the company reported a GAAP loss per share of $0.21, wider than the expected loss of $0.16 per share.</p>\n<p>TeraWulf also reported an adjusted EBITDA of $60.4 million for FY2024, falling short of the estimated $64.9 million. 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