Applied Digital Q4 2024 Adj. EPS $(0.36) Misses $(0.22) Estimate, Sales $43.699M Beat $37.607M Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Digital reported a Q4 2024 adjusted EPS of $(0.36), missing the $(0.22) estimate, but sales of $43.699M beat the $37.607M estimate, marking a 98.30% increase from the previous year.

August 28, 2024 | 8:20 pm
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Applied Digital's Q4 2024 earnings report showed a significant EPS miss but a strong sales beat, with sales increasing by 98.30% year-over-year.
The EPS miss indicates potential profitability issues, which could negatively impact investor sentiment. However, the strong sales beat and significant year-over-year growth may offset some concerns, leading to a neutral short-term impact on the stock price.
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RELEVANCE 100