Applied Digital's Q3 Earnings & Revenues Miss Estimates, Stock Down
Applied Digital (APLD) reported a third-quarter fiscal 2025 loss of 16 cents per share, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company registered earnings of 52 cents per share in the year-ago quarter.APLD reported revenues of $52.9 million for the third quarter of fiscal 2025, marking a 22.1% year-over-year increase. The growth was primarily driven by the ongoing expansion of the company’s Cloud Services segment, supported by the deployment of additional GPU clusters during the ...