Applied Digital Q4 Adj EPS $(0.01) Beats $(0.04) Estimate, Sales $22.00M Miss $29.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Digital (NASDAQ:APLD) reported Q4 adjusted EPS of $(0.01), beating the estimate of $(0.04) by 75%. However, the company's sales of $22.00M missed the estimate of $29.57M by 25.60%. Despite the sales miss, this represents a 192.44% increase over sales from the same period last year.
July 24, 2023 | 12:01 pm
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NEUTRAL IMPACT
Applied Digital's Q4 earnings beat estimates but sales missed. Despite the miss, sales are up significantly YoY.
Applied Digital's earnings beat could potentially boost investor confidence, but the sales miss might offset this positive sentiment. However, the significant YoY increase in sales could be seen as a positive sign of growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100