Applied Digital falls after higher costs drive quarterly loss

Shares of data center operator Applied Digital APLD.O fall 6.3% to $26.04 in premarket trading

Co reported a wider third-quarter net loss, hit by higher costs and a cloud-related charge, dampening a revenue beat driven by strong data center demand

Co included a $59.7 million impairment charge on the cloud services unit this quarter, which was previously held for sale but is now set to merge with Ekso Bionics to form a new company

posted a net loss of 36 cents per share in the third quarter, widening significantly from a 16‑cent loss in the same period a year earlier

13 analysts rate the stock "Buy" on average; median PT is $42 - data compiled by LSEG

As of last close, stock up 13.3% YTD