U.S. Stock Movement | Q4 Earnings Exceed Expectations, IREN Ltd Soars Over 16%
On Friday, IREN Ltd surged over 16%, reaching a historic high of $26.88. In terms of news, the company released its fourth-quarter financial report after the market closed on Thursday. IREN reported a quarterly earnings per share of $0.66, exceeding the market's general expectation of $0.14. Quarterly revenue was $187.3 million, surpassing analysts' consensus estimate of $186.53 million, and showing growth compared to last year's revenue of $5.276 million. Additionally, the company announced that it has obtained preferred partner status with NVIDIA. IREN's co-CEO Daniel Roberts stated that fiscal year 2025 will be a breakthrough year in both financial and operational aspects, setting records for strong net income and over 10 times EBITDA growth
According to Zhitong Finance APP, on Friday, IREN Ltd (IREN.US) surged over 16%, reaching a record high of $26.88. In terms of news, the company released its fourth-quarter financial report after the market closed on Thursday. IREN reported a quarterly earnings per share of $0.66, exceeding the market's general expectation of $0.14. Quarterly revenue was $187.3 million, surpassing analysts' consensus estimate of $186.53 million, and showing growth compared to last year's revenue of $5.276 million. Additionally, the company announced that it has obtained preferred partner status with NVIDIA.
IREN's co-CEO Daniel Roberts stated that fiscal year 2025 will be a breakthrough year in both financial and operational aspects, setting records for strong net income and over tenfold EBITDA growth
