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Applied Digital misses quarterly revenue estimate amid power disruption at data center

Posted on AllSides April 11th, 2024
From The Center

April 11 (Reuters) - Data-center services provider Applied Digital (APLD.O) missed Wall Street estimates for third-quarter revenue on Thursday, pressured by a power disruption at its Ellendale data center unit in January. Shares of the Dallas, Texas-based company fell 14% in aftermarket trading. In February, Applied Digital said revenue from its Ellendale data center hosting facility would take a hit in the third quarter, after it began experiencing a power outage on Jan. 18, resulting in complete outage the following day. "During the quarter, Applied Digital encountered several challenges that...

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