Applied Digital Corporation shares are trading lower after the company issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Applied Digital Corporation has issued Q4 revenue guidance below estimates, leading to a decrease in its share prices.
June 27, 2023 | 4:44 pm
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Applied Digital Corporation's shares are trading lower due to the company's Q4 revenue guidance being below estimates.
Applied Digital Corporation's lower than expected Q4 revenue guidance indicates potential financial instability or underperformance, which is likely to negatively impact investor sentiment and drive down the company's share price in the short term.
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