04:19 PM EDT, 10/30/2024 (MT Newswires) -- MicroStrategy ( MSTR ) reported a Q3 non-GAAP loss late Wednesday of $1.56 per diluted share, wider than a loss of $0.90 a year earlier.

Two analysts polled by Capital IQ expected a $0.02 loss.

Revenue for the quarter ended Sept. 30 was $116.1 million, down from $129.5 million a year earlier.

Analysts surveyed by Capital IQ expected $121.5 million.

Shares of the company dropped 12% in recent after-hours activity.

Price: 217.61, Change: -29.70, Percent Change: -12.01