Applied Digital's shares fall after Q3 revenue misses estimates

ReutersApr 14, 2025 10:14 PM

Shares of data center operator Applied Digital APLD.O fall 11% in extended trading

Co reports Q3 revenue of $52.9 mln, missing analysts' average estimate of $63.4 mln — LSEG data

Revenue in the data center hosting business falls 7% to $35.2 mln

Co reports Q3 adj loss of 8 cents per share vs estimate of a loss of 11 cents per share

APLD says the board of directors approved a plan to sell the co's cloud services business

As of last close, shares down ~30% YTD, compared to a ~9% fall in the S&P 500 .SPX

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