Applied Digital Corporation reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 37.75 million compared.
Applied Digital Corporation (APLD) posted a net loss for the second quarter of $10.5 million, or $0.10 per share compared to a net loss of $26.8 million, or $0.28 per share, prior year.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 350 points on Tuesday. The Dow traded down 0.93% to 37,243.85 while the NASDAQ fell 0.58% to 14,885.45. The S&P 500 also fell, dropping, 0.66% to 4,752.36.