NEW YORK (AP) — NEW YORK (AP) — WhiteFiber Inc. (WYFI) on Thursday reported a loss of $1.5 million in its fourth quarter.
The New York-based company said it had a loss of 67 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The operator of data centers posted revenue of $23.6 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $23.1 million.
For the year, the company reported a loss of $24.7 million, or 78 cents per share. Revenue was reported as $79.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WYFI at https://www.zacks.com/ap/WYFI
Source