MicroStrategy Inc. (MSTR) reported a first quarter loss from continuing operations of $0.46 per share Tuesday morning, compared to the profit of $0.09 per share last year. The consensus estimate was for EPS of $0.35. Quarterly revenues decreased 6% to $130.2 million from $138.3 million a year earlier. Analysts had a consensus revenue estimate of $152.39 million.
MicroStrategy gapped open sharply lower Tuesday and fell in early trade, before settling into a range. The stock finished down by 9.11 at $90.19, with volume at a 5-month high. MicroStrategy sank to over a 4-month low.
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