Galaxy Stock Drops on Disappointing Q2 Revenue Despite Data Center Momentum
Galaxy Digital Inc (NASDAQ:GLXY) shares retreating Wednesday after the digital asset and data center company posted second-quarter revenue that landed far below what analysts had anticipated. Here's what you should know.
Galaxy Digital made less money than experts expected in the last three months, even though their data center business (computers that store information) is growing well. When a company misses expectations, investors sometimes sell their shares, so it's worth watching if the good news about data centers can catch up later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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