What's Going On With Applied Digital Shares Today?
Portfolio Pulse from Lekha Gupta
Applied Digital Corp (NASDAQ:APLD) reported Q1 FY24 results with revenue of $36.3 million, up 425% Y/Y, beating the consensus of $34.6 million. The company also reaffirmed its FY24 guidance. Despite the positive results, APLD shares are trading lower by around 9%.
October 09, 2023 | 2:17 pm
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Applied Digital Corp's Q1 FY24 results exceeded expectations, but its stock price fell by around 9%.
Despite reporting strong Q1 FY24 results and reaffirming its FY24 guidance, Applied Digital Corp's shares fell. This could be due to market factors or investor sentiment not reflected in the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100