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Applied Digital ticks up as Q1 results top estimates
Seeking Alpha ·
Seeking Alpha reports: Applied Digital shares rose 2% in extended trading on Wednesday after the neocloud provider reported fiscal first-quarter results that topped Wall Street's estimates. For the period ending Aug. 31, Applied Digital said it lost an adjusted $0.01 per share as revenue soared 322% year-over-year to $341.9M. Adjusted EBITDA for the period was $64.4M, the company added. Analysts expected the company to earn an adjusted $0.30 per share on $124.1M in revenue. “Our goal is to…