IREN Stock Slides 11% After Q2 Earnings Disappointment

TLDR IREN shares plunged 11.5% Thursday after posting Q2 EPS loss of ($0.52) versus ($0.07) consensus and revenue of $184.7M versus $229.6M expected. The company swung to a ($155.4M) net loss from $384.6M profit in Q1, a $540M quarterly profitability decline. Wall Street maintains “Moderate Buy” rating with $69.36 average price target across 13 buy [...]

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