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$14.04M. Analysts polled by Investing.com anticipated EPS of A$-0.0313 on revenue of A$13.68M.
Iris Energy shares are down 44.43% from the beginning of the year and are trading at A$4.08 , down-from-52-week-high.They are under-performing the S&P CLX IPSA which is up 31.47% from the start of the year.
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, compared to forecasts 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, compared to forecast for EPS of A$9.56 on revenue of A$8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar