Applied Digital (APLD) reported a fiscal Q3 non-GAAP loss late Monday of $0.08 per diluted share, narrowing from a loss of $0.23 a year earlier.

Four analysts polled by FactSet expected a loss of $0.10 per share.

Revenue for the quarter ended Feb. 28 was $52.9 million, up from $43.3 million a year earlier.

Analysts surveyed by FactSet expected $64.8 million.

Shares of the company were down nearly 8% in recent after-hours activity.

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