Investing.com - Bakkt Holdings reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bakkt Holdings announced earnings per share of $-6.11 on revenue of $12.9M. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $14.6M.
Bakkt Holdings shares are down 24% from the beginning of the year, still down 93.42% from its 52 week high of $28.40 set on November 10, 2021.
Bakkt Holdings shares lost 3.21% in pre-market trade following the report.
Bakkt Holdings follows other major Financial sector earnings this month
Bakkt Holdings's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on October 14 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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