WhiteFiber: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — WhiteFiber Inc. (WYFI) on Tuesday reported a loss of $101.4 million in its third quarter.

On a per-share basis, the New York-based company said it had a loss of $2.44. Losses, adjusted for non-recurring costs, came to 50 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.

The operator of data centers posted revenue of $24 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $29.2 million.

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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