APLD Q2 Earnings Lag Estimates, Revenues in Line, Shares Fall

Applied Digital (APLD) reported a second-quarter fiscal 2025 loss of 66 cents per share, missing the Zacks Consensus Estimate of a loss of 14 cents. The company reported a loss of 10 cents per share in the year-ago quarter.Adjusting for loss on conversion of debt ($25.4 million), loss on change in fair value of debt ($87.2 million), diligence, acquisition, disposition, integration expenses, and litigation expenses ($9.5 million) and stock compensation ($3.5 million), the non-GAAP loss was 6 cents per share, ...