BUZZ-Claritev Corp set for worst day on record as quarterly earnings plummet

Reuters
02-26
BUZZ-Claritev Corp set for worst day on record as quarterly earnings plummet

** Shares of healthcare payments tech firm Claritev Corp MPLN.N fall as much as 56% to $12.86; set for the biggest percentage fall in a day on record

** Stock last down 31.5% at $20 in afternoon trade

** Company posts Q4 sales of $232.2 mln, below analysts' estimates of $234.4 mln, according to data compiled by LSEG

** MPLN reports Q4 net loss of $138 mln vs estimates of net loss of $44.5 mln

** Company forecasts 2025 sales to be down 2% to flat compared to FY24; analysts, on average, expect FY25 sales to be $943.7 mln

** Shares fell 73% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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