CORRECTION: On Thursday February 15, 2024 Iris Energy Reported Q2 EPS $(0.07) Up From $(0.73) YoY, Sales $42.57M Up From $13.76M YoY
Portfolio Pulse from Happy Mohamed
Iris Energy (NASDAQ:IREN) reported a significant improvement in its Q2 earnings, with a loss of $(0.07) per share compared to a loss of $(0.73) per share YoY. Sales surged to $42.57M from $13.76M YoY, marking a 209.52% increase.
February 17, 2024 | 2:34 am
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POSITIVE IMPACT
Iris Energy reported a significant reduction in losses and a substantial increase in sales for Q2, indicating strong performance improvement.
The substantial reduction in losses and the significant increase in sales for Iris Energy indicate a strong performance improvement over the year. This positive financial performance is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100