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Why AdaptHealth Dived by Nearly 12% Today

TheMotleyFool

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Why AdaptHealth Dived by Nearly 12% TodayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

AdaptHealth (NASDAQ: AHCO), a company specializing in home medical equipment (HME), was not a healthy stock on Thursday. It cratered by 11.8% following the release of its first-quarter results.

For the quarter, thanks in no small part to recent acquisitions, AdaptHealth booked just over $482 million in revenue, well up from the $191 million of Q1 2020. Meanwhile, the healthcare company's net loss narrowed to $4 million ($0.08 per share) from the year-ago shortfall of $34.6 million ($0.82 per share).

Image source: Getty Images.

Source Fool.com

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