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AdaptHealth Shares Fall After Company's Q2 Earnings Trail Analysts' Estimates
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AdaptHealth Shares Fall After Company's Q2 Earnings Trail Analysts' Estimates
Aug 6, 2024 7:36 AM

10:01 AM EDT, 08/06/2024 (MT Newswires) -- AdaptHealth ( AHCO ) shares were down more than 13% in recent Tuesday trading after the company posted Q2 earnings that fell short of Capital IQ analysts' estimates.

The company reported Q2 earnings of $0.13 per diluted share, compared with $0.09 a year earlier.

Analysts surveyed by Capital IQ expected $0.15.

Net revenue for the quarter ended June 30 was $806 million, up from $793.3 million a year earlier.

Analysts surveyed by Capital IQ expected $802.6 million.

The company said it now expects fiscal 2024 revenue in the range of $3.26 billion to $3.32 billion, compared with its previous guidance range of $3.25 billion to $3.35 billion.

Analysts surveyed by Capital IQ expect $3.31 billion.

Price: 9.51, Change: -1.46, Percent Change: -13.31

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