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MicroStrategy Expected to Report Profit Despite Down Quarter for Crypto

MicroStrategy reports fourth quarter results Thursday with the company expected to turn a profit after several down quarters even as revenue comes in slightly lower than a year earlier. 

The software firm, better known in recent years for its bet on bitcoin, is expected to report revenue of $131 million for the fourth quarter, according to the average estimate compiled by FactSet. The compares to $134.5 million a year earlier. 

Net income is estimated at $10.7 million, which would be the first time MicroStrategy has posted a profit since the fourth quarter of 2020. 

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