Applied Digital Shares Drop After Fiscal Q3 Adjusted Loss Widens, Revenue Rises-February 2024-www.financetom.com

Applied Digital Shares Drop After Fiscal Q3 Adjusted Loss Widens, Revenue Rises

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Applied Digital Shares Drop After Fiscal Q3 Adjusted Loss Widens, Revenue Rises

Apr 11, 2024 2:02 PM

04:35 PM EDT, 04/11/2024 (MT Newswires) -- Applied Digital ( APLD ) tumbled 11% in extended trading after the data-center hosting company late Thursday reported a fiscal Q3 adjusted loss of $0.24 per diluted share compared with a $0.01 loss a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.07.

Revenue for the quarter ended Feb. 29 was $43.3 million, up from $14.1 million a year earlier.

Analysts expected $51.9 million.

Price: 2.73, Change: -0.34, Percent Change: -11.07

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