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Why Amwell Stock Crashed Today

TheMotleyFool

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Shares of American Well (NYSE: AMWL) crashed on Thursday, closing the session 21.7% lower. The decline came after the telehealth services company delivered its first-quarter update after the bell on Wednesday.

Amwell reported Q1 revenue of $57.6 million, up 7% year over year. That fell short of the analysts' consensus estimate of $58.75 million. The company's net loss of $39.8 million, or $0.16 per share, though, was better than the loss of $0.19 per share expected by analysts.

Image source: Getty Images.

Source Fool.com

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