Applied Digital Corporation (APLD) Reports Q2 Loss, Tops Revenue Estimates
Portfolio Pulse from
Applied Digital Corporation (APLD) reported a Q2 loss of $0.66 per share, which was significantly higher than the Zacks Consensus Estimate of a $0.14 loss. However, the company exceeded revenue expectations.
January 14, 2025 | 11:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Applied Digital Corporation reported a larger-than-expected Q2 loss of $0.66 per share, missing the Zacks Consensus Estimate of a $0.14 loss. Despite this, the company exceeded revenue expectations.
The significant miss on earnings per share compared to estimates is likely to negatively impact the stock price in the short term. However, the fact that revenue expectations were exceeded may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100