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AdaptHealth's Shares Fall After Q1 Net Loss Misses Analysts' Forecast
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AdaptHealth's Shares Fall After Q1 Net Loss Misses Analysts' Forecast
May 7, 2024 7:20 AM

09:48 AM EDT, 05/07/2024 (MT Newswires) -- AdaptHealth ( AHCO ) shares were down nearly 8.7% in recent Tuesday trading after the company posted a Q1 net loss that missed analysts' earnings expectations.

The company reported a Q1 net loss of $0.02 per diluted share, narrowing from a loss of $0.06 a year earlier. Analysts polled by Capital IQ expected earnings of $0.05 per share.

Net revenue for the quarter ended March 31 was $792.5 million, up from $744.6 million a year earlier. Analysts surveyed by Capital IQ expected $769.9 million.

Price: 9.68, Change: -0.92, Percent Change: -8.68

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