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IREN shares fall about 5% ahead of earnings release

GuruFocus.com +1 ·

IREN
IREN IREN Ltd
$39.58 -6.23%
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  1. 1IREN Limited (IREN) shares drop roughly 5% on Wednesday ahead of its fourth-quarter results after Thursday's close
  2. 2Wall Street forecasts a $0.46 per-share loss and $135.6 million in revenue…estimates have been revised lower over the past three months
  3. 3Targets ARR of over $4 billion and contracts covering roughly 85% by 2026…focus is more on guidance than the results themselves

This 3-line summary is compiled from the report below.

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