IREN Limited (NASDAQ:IREN) shares dropped in Thursday's extended trading after the company released its second-quarter earnings report, missing analyst estimates on the top and bottom lines.
Here's a look at the key figures from the quarter.
The Details: IREN reported quarterly losses of 52 cents per share, which missed the consensus estimate for losses of 14 cents, according to Benzinga Pro.
Quarterly sales of $184.69 million, which missed the analyst consensus estimate of $228.13 million.
“Last quarter marked meaningful progress across capacity expansion, customer engagement, and capital formation, reflecting IREN’s progress as a scaled AI Cloud platform,” said Daniel Roberts, Co-CEO of IREN.
“We are seeing the strongest demand environment to date, and importantly, that demand is being met by a proven execution capability. Over several years, we have consistently delivered data center capacity on time and at scale, and that delivery track record continues to resonate with customers who value reliability alongside performance,” Roberts added.
IREN Stock Price: According to data from Benzinga Pro, IREN stock fell 7.01% to $37.01 in Thursday's extended trading.
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