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Why Mednax Stock Is Soaring Today

TheMotleyFool 
0 0 07.05.21
Why Mednax Stock Is Soaring Today
 

Shares of Mednax (NYSE: MD) were soaring 16.3% higher at 11:56 a.m. EDT on Friday. The big gain came after the company announced its first-quarter results before the market opened.

Mednax reported net revenue in the first quarter of $446.8 million. This result was well above the consensus Wall Street estimate of $424.1 million. The company announced adjusted earnings per share (EPS) from continuing operations of $0.24. This trounced the average analysts' estimate of $0.13.

Image source: Getty Images.

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Source Fool.com

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