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Here's Why Signify Health Is Surging on Wednesday

TheMotleyFool

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Here's Why Signify Health Is Surging on WednesdayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Signify Health (NYSE: SGFY), a healthcare platform company, are on the move in after the company reported highly positive third-quarter earnings results. Investors impressed with growth on the top and bottom lines pushed the stock 16% higher as of 12:40 p.m. EST on Wednesday.

Total revenue soared 29% year over year to $199.2 million during the third quarter, driven largely by increasing demand for in-home evaluations. Those evaluations performed during the quarter soared 25% year over year to 488,000.

Image source: Getty Images.

Source Fool.com

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