price up icon1.32%   +0.13
after-market  After Hours:  9.98 

Why is AdaptHealth Corp (AHCO) Stock down?

We've noticed a 5.16% decline in AdaptHealth Corp (AHCO) stock during the 2024-05-09 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
07 Nov, 2023:

Shares of Adapthealth Corp (AHCO) dropped by 8.99% from $8.45 to $7.69 in the trading on Tuesday, November 7, 2023. The reason why AHCO down is due to company's mixed earnings report:

  • AHCO reported a 6.3% increase in net revenue for Q3 2023, reaching $804.0 million, exceeding the consensus estimate of $796.65 million.
  • However, the company posted a net loss of $454.1 million, mainly due to a $511.9 million pre-tax goodwill write-down.
  • Adjusted EBITDA was $161.2 million, up slightly from the previous year.
  • On a positive note, cash flow from operations and free cash flow saw significant year-over-year increases.
  • The company provided guidance for FY23 revenue of $3.160 billion to $3.185 billion, slightly lower than previous guidance, and adjusted EBITDA of $630 million to $650 million, down from previous guidance.
17 Aug, 2023:

Shares of AdaptHealth (AHCO) were down 13.8% on Thursday, after the home-healthcare solutions company announced its incoming CEO is being sued by his former employer.


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