Applied Digital Corp (NASDAQ:APLD) shares are in focus on Thursday. The company reported third-quarter financial results after the closing bell on Wednesday.
While the company beat the analyst expectations, the stock faced downward pressure in early premarket action.
Nasdaq futures are down 0.26% while S&P 500 futures have shed 0.32%.
Massive Revenue Growth Drives Q3 Beat
Applied Digital posted third-quarter revenue of $126.6 million. This figure easily cleared the $76.56 million estimate. Total revenue surged 139% year-over-year.
The company reported adjusted earnings of nine cents per share. Analysts had expected a loss of 10 cents per share. Growth in the HPC hosting business fueled these gains.
Management …Full story available on Benzinga.com
Can PEPE Price Rally on ETF Hype: Price Sits at Critical Breakout Zone
...
Read moreDetails
