Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MultiPlan Stock Is Soaring Today

TheMotleyFool

0 0

Why MultiPlan Stock Is Soaring 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

Shares of MultiPlan (NYSE: MPLN) were soaring 19.6% higher as of 11:35 a.m. EDT on Thursday. The big gain came after the healthcare technology solutions provider announced better-than-expected first-quarter results before the market opened.

MultiPlan reported Q1 revenue of $254.9 million, up 1.1% year over year and well above the consensus analysts' estimate of $248.5 million. The company posted net income of $45.9 million, or $0.07 per share. This result handily beat the average analysts' earnings estimate of $0.01 per share. It also reflected significant improvement from the net loss of $2.6 million, or $0.01 per share, in the prior-year period.

Image source: Getty Images.

Source Fool.com

Like: 0

MPLN

Share