Why Acadia Healthcare Stock Is Soaring Today
Shares of Acadia Healthcare (NASDAQ: ACHC) are up 17.9% as of 1:14 p.m. EDT on Friday, after rising as much as 23.4% earlier today. Investors are bidding up shares of the behavioral healthcare services provider following the release of its third-quarter earnings report on Thursday evening.
Third-quarter revenue jumped by 7.2% year over year to $833.3 million. On average, analysts expected the company's top line to come in at $803.72 million. Meanwhile, Acadia's net income was $37 million, or $0.42 on a per-share basis, compared with $42.6 million in net income and EPS of $0.48 during the prior-year quarter.
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Source Fool.com
