Iris Energy shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.
Portfolio Pulse from Benzinga Newsdesk
Iris Energy's shares are trading lower following the announcement of a year-over-year decrease in their Q2 earnings per share (EPS) results.
February 16, 2024 | 3:40 pm
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NEGATIVE IMPACT
Iris Energy's stock price is likely to face downward pressure in the short term due to the reported year-over-year decrease in Q2 EPS results.
Stock prices often react negatively to earnings that do not meet or exceed previous periods or expectations. In this case, Iris Energy's reported decrease in Q2 EPS compared to the previous year is likely to lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100