AdaptHealth Swings to Q3 Earnings, Revenue Increases; Fiscal 2024 Revenue Guidance Lowered

MT Newswires Live
2024-11-05

AdaptHealth (AHCO) reported Q3 earnings Tuesday of 40.15 per diluted share, compared with a loss of $3.43 per share a year earlier.

Analysts polled by Capital IQ expected earnings of $0.17 per share.

Net revenue for the quarter ended Sept. 30 was $805.9 million, up from $804 million a year earlier.

Analysts surveyed by Capital IQ expected $809.3 million.

The company said it now expects fiscal 2024 net revenue to be between $3.22 billion and $3.26 billion, compared with the prior outlook of about $3.26 billion to about $3.32 billion. Analysts polled by Capital IQ expect $3.28 billion.

Price: 8.83, Change: -1.32, Percent Change: -13.00

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