Applied Digital Q3 EPS $(0.24) Misses $(0.10) Estimate, Sales $43.35M Miss $51.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Digital (NASDAQ:APLD) reported Q3 earnings with a loss of $(0.24) per share, missing the $(0.10) estimate, and sales of $43.35M, missing the $51.92M estimate. This represents a significant decrease in earnings and an increase in sales from the same period last year.
April 11, 2024 | 8:06 pm
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Applied Digital reported a significant miss in Q3 earnings and sales, indicating potential challenges ahead.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a dramatic decrease in earnings from the previous year, suggests potential negative sentiment among investors. This could lead to short-term downward pressure on APLD's stock price.
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