Browsing: Masks

The headline numbers from IREN’s fiscal fourth quarter look like the kind of red flags that send investors running for the exits. Revenue of $137.2 million came in well shy of the $157.14 million consensus estimate, while the bottom line showed a net loss of $684 million. Yet the stock has largely shrugged off the…

On August 5, Primerica (NYSE:PRI) reported second-quarter results that read as two different companies bolted together. Net income climbed 13% to $202 million, and earnings per diluted share jumped 19% to $6.45, pushing return on stockholders’ equity to 32.1%. Total revenue reached $865 million, up 9% from a year earlier. But those headline figures obscure…

The knee-jerk reaction to IREN’s latest earnings was easy to predict. A $684 million net loss in the fiscal fourth quarter, revenue down 26.7 percent, and a capital expenditure plan that could reach $30 billion — the headline numbers screamed caution. The stock duly fell 12 percent on Friday following the Thursday release, extending a…