Applied Digital misses quarterly revenue estimates-February 2024-www.financetom.com

Applied Digital misses quarterly revenue estimates

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Applied Digital misses quarterly revenue estimates

Apr 11, 2024 1:32 PM

April 11 (Reuters) - Data-center services provider

Applied Digital ( APLD ) missed Wall Street estimates for

third-quarter revenue on Thursday, pressured by a power

disruption at its Ellendale data center unit in January.

The Dallas, Texas-based company posted revenue of $43.3

million for the quarter ended Feb. 29, compared with analysts'

average estimate of $51.92 million, according to LSEG data.

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