Investing.com - Iris Energy reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Iris Energy announced earnings per share of A$-0.0997 on revenue of A$14.04M. Analysts polled by Investing.com EPS of A$-0.0313 on revenue of A$13.68M.
Iris Energy 's are down 44.43% and is trading at A$4.08 , still down 85.56% from its 52 week high of A$28.25 set on Wednesday, November 17, 2021.
Iris Energy follows other major Information Technology sector earnings this month
Iris Energy's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of A$0.51 on revenue of A$6.7B, EPS of A$0.4991 on revenue of A$6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of A$9.73 on revenue of A$8.46B, for EPS of A$9.56 on revenue of A$8.41B.
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