By Josh Beckerman
BrightSpring Health Services shares rose after the company reported first-quarter results above Wall Street estimates and raised full-year guidance.
The stock was up 15% to $20.60 on Friday and is up about 21% this year.
BrightSpring, which has pharmacy services and health provider services focused on senior and specialty populations, said revenue rose 26% to $2.88 billion. Analysts polled by FactSet expected $2.71 billion. Adjusted earnings per share rose to 19 cents from 9 cents, while analysts expected 9 cents.
The company said all figures exclude the community living business and the effects of any future closed acquisitions. BrightSpring said in January that it would sell the community living business to Sevita for $835 million in cash consideration.
BrightSpring said it expects 2025 revenue of $12 billion to $12.5 billion. In March, it increased its outlook to the range of $11.6 billion to $12.1 billion, from $11.5 billion to $12 billion.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 02, 2025 15:34 ET (19:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.