Applied Digital Shares Rise 8.4% After 407% Revenue Jump
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.
Coverage (3)
- Applied Digital’s AI Buildout Pace Has Needham ‘Pleasantly Surprised’ After APLD Strikes $5.2B Deal With A Hyperscaler (stocktwits.com)
- Is Applied Digital’s Cloud Spin-Off And AI Data Center Push Reshaping The Investment Case For APLD? (simplywall.st)
- Applied Digital Corporation (NASDAQ: APLD) Surges 8.4% Post-Earnings As Revenue Jumps 407% Year Over Year (foreignpolicyjournal.com)