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Benzinga

Business

Adam Eckert

Applied Digital Stock Is Surging Thursday: What's Going On?

Applied Digital APLD

Data,Center,Computer,Racks,In,Network,Security,Server,Room,Cryptocurrency

Applied Digital Corp (NASDAQ:APLD) shares are trading higher Thursday after the company reported financial results for the fourth quarter.

What To Know: Applied Digital reported fourth-quarter revenue of $38.01 million, missing analyst estimates of $40.84 million, according to Benzinga Pro. The company reported an adjusted loss of 3 cents per share, beating estimates for a loss of 15 cents per share.

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