Healthcare Service Provider Agilon Health Stock Is Plunging Today - Here's Why
Portfolio Pulse from Vandana Singh
Agilon Health Inc's Q3 revenue increased 75% to $1.22 billion, beating consensus and management guidance. However, the company reported a net loss of $31 million. Total members on the Agilon platform increased to 508,000. The company sold its subsidiary, MDX Hawaii, to focus on its core partner markets in the U.S. Agilon Health cut its FY23 revenue guidance from $4.525 billion-$4.540 billion to $4.31 billion-$4.32 billion. AGL shares are down 16.90% at $14.04.
November 03, 2023 | 5:19 pm
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Despite beating Q3 revenue expectations, Agilon Health reported a net loss and cut its FY23 revenue guidance. The company's shares are down 16.90%.
Agilon Health's Q3 revenue beat expectations, but the company reported a net loss and cut its FY23 revenue guidance. This mixed financial performance, along with the sale of its subsidiary, likely contributed to the drop in the company's share price.
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