Acadia Healthcare shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Acadia Healthcare's shares declined following disappointing Q3 revenue results and lower-than-expected FY24 guidance.
October 30, 2024 | 8:42 pm
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NEGATIVE IMPACT
Acadia Healthcare's shares are trading lower due to disappointing Q3 revenue results and FY24 guidance that fell below estimates.
The company's Q3 revenue results were worse than expected, which typically leads to a negative market reaction. Additionally, the FY24 guidance being below estimates suggests potential challenges ahead, further contributing to the stock's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100