Why Is Applied Digital (APLD) Stock Down 6% Today?
APLDApplied Digital (APLD) InvestorPlace·2024-04-12 20:50

Applied Digital (NASDAQ:APLD) stock is falling on Friday following the release of the data center company’s earnings report for its fiscal third quarter of 2024. The bad news for APLD stockholders starts with the company’s adjusted earnings per share of -24 cents. That’s much worse than the -7 cents per share that Wall Street was expecting. It’s also a significant setback compared to the -1 cent per share from the same period of the year prior. Also not helping matters is Applied Digital’s revenue of $43.35 ...