Here's Why Acadia Healthcare Company Inc. Is Sinking Today
Shares of Acadia Healthcare Company Inc. (NASDAQ: ACHC) have fallen 25.6% as of 11:01 a.m. EDT on Wednesday after the company reported softer-than-expected results on Tuesday. The provider of psychiatric and chemical dependency services in the U.S. and U.K. posted third-quarter revenue 2.4% below that of the prior-year period.
A handful of Wall Street analysts lowered their ratings for Acadia after it revealed total third-quarter revenue of $716.7 million, which was about 1.5% lower than consensus expectations. It also disappointed on the bottom line by earning $0.58 per share when the market expected $0.65.
Image source: Getty Images.
Source: Fool.com
Acadia Healthcare Aktie
71,00 €
0,71 %
