Applied Digital Stock (APLD) A Pre-Market Mover On Earnings Beat
Applied Digital’s stock price is 21% higher in pre-market trading following the earnings release.
Applied Digital Corporation (APLD) experienced a significant surge in its stock price following the release of its fiscal first-quarter 2025 earnings report, which beat on both the top and bottom lines. The positive market reaction reflects growing confidence in the company’s strategic direction and expansion within the high-performance computing (HPC) infrastructure sector.
The company reported first-quarter revenue of $64.2 million, significantly exceeding the consensus estimate of $45.46 million. This increase was primarily attributed to $26.3 million in revenue generated from tenant fit-out services associated with the company’s…
