05:34 PM EDT, 08/28/2024 (MT Newswires) -- Applied Digital ( APLD ) reported a fiscal Q4 adjusted net loss late Wednesday of $0.36 per diluted share, compared with no earnings a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.22 per share.

Revenue for the quarter ended May 31 was $43.7 million, up from $22 million a year earlier.

Analysts surveyed by Capital IQ expected $39.1 million.

Shares of Applied Digital ( APLD ) fell nearly 5% in after-hours trading.

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