Applied Digital Q1 Adj. EPS Less Than $0.01 Beats $(0.02) Estimate, Sales $36.30M Beat $34.58M Estimate
Portfolio Pulse from Bill Haddad
Applied Digital (NASDAQ:APLD) reported Q1 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. This is a 125 percent increase over losses of $(0.04) per share from the same period last year. The company also reported quarterly sales of $36.30 million, beating the analyst consensus estimate of $34.58 million by 4.97 percent. This is a 424.26 percent increase over sales of $6.92 million the same period last year.
October 09, 2023 | 12:02 pm
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Applied Digital's Q1 earnings and sales significantly exceeded estimates, indicating strong financial performance.
Applied Digital's Q1 earnings and sales beat analyst estimates by a significant margin. This indicates strong financial performance and could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100