Galaxy Digital Inc reports results for the quarter ended June 30 - Earnings Summary

• Galaxy Digital Inc GLXY.OQ reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of nine analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from -19 cents to 64 cents per share.

• Revenue rose 16,760.2% to $9.06 billion from a year ago; analysts expected $2.18 billion.

• Galaxy Digital Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $14.5 million.

• Galaxy Digital Inc shares had risen by 31.9% this quarter and gained 66.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 238.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is "hold."

This summary was machine generated from LSEG data August 5 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)