Day: August 28, 2024

Record Adjusted EBITDA of $54.7 million in FY24 On track for 30 EH/s in 2024 AI business strategy update SYDNEY, Aug. 28, 2024 (GLOBE NEWSWIRE) — IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today reported its financial results for the full year ended June 30, 2024. All $ amounts are in United States Dollars (“USD”) unless otherwise stated. “We are pleased to report our full year FY24 results, which highlights continued growth across revenue, earnings and cashflow,” said Daniel Roberts, Co-Founder and Co-CEO of IREN. “Our 2024 guidance remains unchanged. With 15 EH/s installed, we are well on track to achieve our 20 EH/s milestone next month and 30 EH/s this year.” Full Year FY24...

NVIDIA corporate headquarters NVIDIA corporate headquarters in Silicon Valley Record quarterly revenue of $30.0 billion, up 15% from Q1 and up 122% from a year ago  Record quarterly Data Center revenue of $26.3 billion, up 16% from Q1 and up 154% from a year ago SANTA CLARA, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the previous quarter and up 122% from a year ago. For the quarter, GAAP earnings per diluted share was $0.67, up 12% from the previous quarter and up 168% from a year ago. Non-GAAP earnings per diluted share was $0.68, up 11% from the previous quarter and up 152% from a year ago. “Hopper demand remains strong, and the anticipation for Blackwell is incredible,” said Jensen Huang, founder and...

PALO ALTO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) — HP (NYSE: HPQ) Third quarter GAAP diluted net earnings per share (“EPS”) of $0.65, within the previously provided outlook of $0.63 to $0.77 per share Third quarter non-GAAP diluted net EPS of $0.83, within the previously provided outlook of $0.78 to $0.92 per share Third quarter net revenue of $13.5 billion, up 2.4% from the prior-year period Third quarter net cash provided by operating activities of $1.4 billion, free cash flow of $1.3 billion Third quarter returned $0.9 billion to shareholders in the form of share repurchases and dividends Share repurchase authorization increased to $10.0 billion HP Inc.’s fiscal 2024 third quarter financial performance   Q3 FY24 Q3 FY23 Y/Y GAAP net revenue ($B) $ 13.5     $ 13.2     2.4 % GAAP operating margin   7.0%       7.2%     (0.2 )...

DALLAS, Aug. 28, 2024 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal fourth quarter and full year ended May 31, 2024. The Company also provided an operational update. Fiscal Fourth Quarter 2024 Financial and Operational Highlights Fiscal fourth quarter 2024 revenue of $43.7 million Fiscal fourth quarter 2024 net loss of $64.8 million Fiscal fourth quarter 2024 adjusted net loss of $45.3 million, which was negatively impacted by $15.5 million of expenses associated with facilities and equipment...

SAN RAMON, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) — CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal third quarter ended July 31, 2024. Revenue increased 8% year-over-year to $1,002.8 million. CooperVision (CVI) revenue up 7% to $675.6 million, and CooperSurgical (CSI) revenue up 9% to $327.2 million. GAAP diluted earnings per share (EPS) of $0.52, up $0.09 or 22% from last year’s third quarter. Non-GAAP diluted EPS of $0.96, up $0.12 or 14% from last year’s third quarter. See “Reconciliation of Selected GAAP Results to Non-GAAP Results” below. Commenting on the results, Al White, Cooper’s President and CEO said, “Our strong performance this quarter reflects the strength of our business, the successful execution on our...

Sales performance sequentially improved for fourth consecutive quarter Quarterly operating income growth for first time since 2021 Raises full year 2024 outlook and provides third quarter guidance REYNOLDSBURG, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) — Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported financial results for the second quarter ended August 3, 2024. Interim Chief Executive Officer and Chief Financial and Administrative Officer Timothy (TJ) Johnson commented, “Our financial results for the second quarter came in at the high end of expectations and we delivered year-over-year quarterly operating income growth for the first time since 2021. We were encouraged by the continued sequential improvement in quarterly sales results in North America for the fourth consecutive quarter,...

DELTA, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) is pleased to announce that the company has returned to profitability. Net profit for the quarter ended June 30, 2024 was $12,566 (compared to a $69,374 loss for the three months ended June 30, 2023). Sales were $2,267,376 for this quarter ended June 30, 2024, which is 19.6% higher than the quarter ended March 31, 2024. As the company continues to add to its production and materials handling staff, more timely shipment of orders is expected. Sales volume continues to grow in all product categories and profits are expected to increase accordingly. The company continues to focus on the food service (hospitality) industry with its expanding product line of high-end, air laid napkins. Recently installed equipment should allow us...