Why Pediatrix Medical Group Stock Tumbled on Thursday
Pediatrix Medical Group (NYSE: MD) wasn't one of the healthier stocks on the U.S. market on Thursday. The healthcare services provider's shares fell by more than 12% over the course of the day, due mostly to the earnings report it published early that morning.
In its fourth quarter, Pediatrix's revenue came in at nearly $493.8 million, down almost 2% year over year. Net income not in accordance with generally accepted accounting principles (GAAP) also dipped slightly, falling to $42.5 million ($0.50 per share) from the year-ago profit of $43.5 million.
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Source Fool.com
