Recap: Acadia Healthcare Co Q4 Earnings
Portfolio Pulse from Benzinga Insights
Acadia Healthcare Co (NASDAQ:ACHC) reported Q4 earnings, beating estimates with an EPS of $0.87 against the expected $0.79, and revenue increased by $67.50 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 1.0% the following day.
February 27, 2024 | 9:15 pm
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Acadia Healthcare Co reported a positive Q4 earnings surprise with an EPS of $0.87, surpassing the estimate of $0.79, and a significant year-over-year revenue increase.
The positive earnings report, with both EPS and revenue exceeding expectations, typically leads to a positive short-term impact on the stock price. However, it's important to note that despite a similar beat last quarter, the stock price dropped by 1.0% the next day, indicating that market reactions can be unpredictable.
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RELEVANCE 100