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Why Amedisys Stock Is Crashing Today

TheMotleyFool

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Shares of Amedisys (NASDAQ: AMED) were down 21.2% as of 11:29 a.m. EDT on Thursday. The big decline came after the home health and hospice company announced its second-quarter results following the market close on Wednesday.

Amedisys reported Q2 revenue of $564.2 million, up 16% year over year. The company posted adjusted earnings of $55.7 million, or $1.69 per share. Analysts' consensus estimate was for adjusted earnings of $1.67 per share. So why did the healthcare stock sink?

Image source: Getty Images.

Source Fool.com

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