Reports Q2 revenue $63.87M, consensus $61.61M. “We remain in late stage negotiations for our Ellendale campus,” said Applied Digital (APLD) chairman and CEO Wes Cummins. “Over the past year, we’ve gained valuable insights into the thorough and deliberate approach hyperscalers take. While their timelines may extend longer than initially expected, we remain steadfast in our commitment to delivering our 400 MW data center campus on time and within budget.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APLD:
- Applied Digital Corp options imply 17.0% move in share price post-earnings
- Lilly cuts FY24 outlook, United Rentals to acquire H&E: Morning Buzz
- Unusually active option classes on open January 14th
- Morning Movers: H&E skyrockets following deal to be acquired by United Rentals
- Applied Digital agrees to build partnership with Macquarie Asset Management