By Ben Glickman
Shares of Applied Digital Corporation rose Monday after the data-center company issued guidance for the coming year ahead of analysts’ estimates.
The stock was up 15%, to $8.88, in midday trading. Shares have more than quadrupled so far this year.
The Dallas-based company said it expects revenue of $385 million to $405 million in fiscal 2024, ahead of the $308.8 million expected by analysts polled by FactSet.
Write to Ben Glickman at [email protected]
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