American Oncology Network Q3 Sales $336.31M Up From $297.32M YoY, Adj Net Income of $3.59M Vs $5.76M YoY
Portfolio Pulse from Benzinga Newsdesk
American Oncology Network (NASDAQ:AONC) reported a 13.11% increase in Q3 sales to $336.31M from $297.32M YoY. However, adjusted net income decreased to $3.59M from $5.76M YoY.
November 14, 2023 | 11:16 am
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American Oncology Network reported higher Q3 sales but a decrease in adjusted net income compared to last year.
The increase in sales indicates growth, which is positive for the company. However, the decrease in adjusted net income could be a concern for investors, potentially offsetting the positive sales news. The mixed results lead to a neutral score as the market may react in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100