Search This Blog

Tuesday, February 28, 2023

GoodRx stock surges 15% after earnings beat

 GoodRx Holdings Inc. (GDRX) shares surged in the extended session Tuesday after the consumer-targeted digital healthcare platform topped expectations for the quarter. GoodRx shares rallied as much as 15% after hours, following a 1.5% rise in the regular session to close at $5.29. The company reported a fourth-quarter loss of $2 million, or break-even a share, compared with a loss of $39.9 million, or 10 cents a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 7 cents a share, even with the year-ago period. Revenue declined to $184.1 million from $213.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast an adjusted profit of 5 cents a share on revenue of $178.5 million. GoodRx forecast revenue between $181 million to $183 million for the first quarter, and revenue of $780 million to $790 million for the year.

https://www.morningstar.com/news/marketwatch/20230228940/goodrx-stock-surges-15-after-earnings-beat

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.