AdaptHealth Corp. (AHCO) stock surged 8.19% in the pre-market session on Tuesday, following the company's impressive fourth-quarter 2024 earnings results that surpassed Wall Street expectations.
The medical equipment and services provider reported Q4 revenue of $856.645 million, beating the consensus estimate of $829.2 million. AdaptHealth's net income came in at $51.403 million, significantly higher than the expected $34.1 million, while its pretax profit of $70.711 million and operating income of $97.667 million also exceeded analysts' projections.
The strong financial performance, driven by robust demand for AdaptHealth's products and services, has boosted investor confidence in the company's growth prospects. Analysts believe the company's focus on expanding its product offerings and enhancing operational efficiency could further fuel its growth trajectory in the coming quarters.
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