IREN Limited (NASDAQ:IREN) shares were up after the company released its first-quarter earnings report after Thursday's closing bell, beating estimates on the top and bottom lines.
Here's a look at the details in the report.
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The Details: IREN reported quarterly earnings of $1.08 per share, which beat the consensus estimate of 14 cents.
Quarterly revenue came in at $240.3 million, which beat the Street estimate of $235.5 million and was up from revenue of $49.57 million from the same period last year.
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「IREN continues to execute with discipline, delivering record results this quarter and meaningful progress in our AI Cloud expansion,」 said Daniel Roberts, co-CEO of IREN.
「We secured several new multi-year contracts, including a landmark partnership with Microsoft, which solidifies IREN’s position as a leading AI Cloud Service Provider and expands our reach into new hyperscale customer segments,」 Roberts added.
IREN Stock Price: According to data from Benzinga Pro, IREN stock was up 3.58% at $69.65 in Thursday's extended trading.
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