MSTR - What's Going On With MicroStrategy Stock Tuesday? | Benzinga
MicroStrategy Inc (NASDAQ:MSTR) shares are trading lower Tuesday after the company reported worse-than-expected financial results for the first quarter.
What Happened: MicroStrategy said first-quarter revenue fell 5% year-over-year to $115.2 million, which missed the consensus estimate of $121.725 million, according to estimates from Benzinga Pro. The company reported a quarterly loss of $3.09 per share, which may not compare to estimates for a loss of 55 cents per share.
Product licenses and subscription services revenues were down 0.9% in the first ...