U.S. Stock Movement | Q4 Earnings Exceed Expectations, IREN Ltd Soars Over 16%

On Friday, IREN Ltd surged over 16%, reaching a historic high of $26.88. In terms of news, the company released its fourth-quarter financial report after the market closed on Thursday. IREN reported a quarterly earnings per share of $0.66, exceeding the market's general expectation of $0.14. Quarterly revenue was $187.3 million, surpassing analysts' consensus estimate of $186.53 million, and showing growth compared to last year's revenue of $5.276 million. Additionally, the company announced that it has obtained preferred partner status with NVIDIA. IREN's co-CEO Daniel Roberts stated that fiscal year 2025 will be a breakthrough year in both financial and operational aspects, setting records for strong net income and over 10 times EBITDA growth