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Applied Digital Shares Rise 8.4% After 407% Revenue Jump

Applied Digital logoApplied Digital
Sig2.76Sen+4.86Env-1.03Soc+0.20Gov+0.26

Applied Digital shares rose 8.4% after its latest earnings report. The company posted a larger quarterly loss of 39 cents per share versus 24 cents a year ago and missed forecasts, but revenue jumped 407% to $258.7 million and beat estimates. Data center revenue and full-capacity operations supported results, while Applied Digital completed a separation of its Cloud Services business into ChronoScale Holdings.

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