URL has been copied successfully!
IREN Ltd. (NASDAQ:IREN) shares face selling pressure this Monday.
The move follows a volatile period where a massive partnership-driven rally met the reality of a disappointing earnings report. While the stock surged 7.65% on Friday, the momentum stalled as traders digested a significant top-line miss on Thursday.
Nasdaq futures are down 0.15% while S&P 500 futures have shed 0.13%.
Revenue Miss Shadows Growth Strategy
The company reported quarterly revenue of $144.8 million. This figure missed the analyst consensus estimate of $223.393 million by 35.18%. Revenue fell 21.6% year-over-year.
Management attributed the decline to lower Bitcoin (CRYPTO: BTC) prices and the …
Please follow us:
This post was originally published here
