Search This Blog

Tuesday, May 13, 2025

Acadia: largest bed expansion

 Acadia Healthcare (NASDAQ:ACHC) shares rose in post market trading after it reported first quarter revenue and profit above expectations.

The company posted a first quarter revenue of $770.5M, compared to a consensus of $769.84M. The quarterly adjusted profit of $0.40 per share also beat analysts' estimate of $0.36 per share.

The healthcare facilities provider also saw its same facility revenue rise 2.1% year-over-year.

"This year is setting up to be the largest bed expansion year in Acadia’s history, building upon our record-breaking bed additions in 2024," chief executive officer, Chris Hunter, said in a statement.

The company also affirmed its full year guidance.

https://www.msn.com/en-us/money/topstocks/acadia-healthcare-rises-on-q1-revenue-profit-beat/ar-AA1EDVyU?ocid=finance-verthp-feeds

No comments:

Post a Comment

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