APLD - Applied Digital Analysts Slash Their Forecasts After Q3 Results | Benzinga
Applied Digital Corporation (NASDAQ: APLD) reported worse-than-expected third-quarter financial results on Thursday.
Revenue of $43.3 million, up 208% Y/Y, missed the consensus of $51.9 million. Adjusted loss of 24 cents per share, missed the consensus for a loss of 10 cents per share, according to data from Benzinga Pro.
Adjusted EBITDA loss came in at $(2.3) million compared to an adjusted EBITDA of $0.9 million in the prior year.
"During the quarter, Applied Digital encountered several challenges ...