Applied Digital reported a significant increase in revenue to $126.6 million, a 250% rise year-over-year, and reduced net losses, highlighting progress in their data center projects and strategic financing efforts, including a $2.35 billion private notes offering and new lease agreements with hyperscalers, positioning the company for substantial growth in AI infrastructure.
Walgreens Boots Alliance reported its fiscal 2024 second quarter results, with a 6.3% increase in sales to $37.1 billion, but also a $5.8 billion non-cash impairment charge related to VillageMD goodwill, resulting in a $6.85 loss per share. The company narrowed its full-year adjusted EPS guidance range to $3.20 to $3.35 due to a challenging retail environment in the U.S. and other factors. The U.S. Healthcare segment achieved adjusted EBITDA profitability, and the company remains focused on customer engagement and value amidst ongoing operational challenges.
Accenture reported its second-quarter fiscal 2024 results, including new bookings of $21.6 billion, flat revenues of $15.8 billion, and a quarterly cash dividend increase of 15%. The company updated its business outlook for fiscal 2024, now expecting revenue growth of 1% to 3% in local currency and an expanded operating margin. CEO Julie Sweet highlighted the company's record client bookings and investments in generative AI and strategic acquisitions, emphasizing the dedication of Accenture's global workforce in delivering value for clients.
Costco Wholesale reported solid fiscal 2024 second-quarter results, but the stock fell in extended trading due to a slight miss on sales and margins, leading to pressure on shares. However, the results did not significantly alter the strong business model of Costco.
Power management company Eaton has reported strong fiscal results, surpassing analysts' estimates for quarterly profits due to high demand for its electrical components and equipment. The company's success reflects its ability to adapt to the industry's shift towards renewable energy. Eaton's CEO, Craig Arnold, announced plans to invest over $1 billion in capital to support further growth. Shares of Eaton rose over 3% following the announcement. CNBC's Jim Cramer also praised peer company Caterpillar for its positive outlook, citing increased government infrastructure spending as a key driver for future success.
