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Why Pediatrix Medical Group Stock Tumbled on Thursday

TheMotleyFool 
0 0 19.02.26
Why Pediatrix Medical Group Stock Tumbled on ThursdayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png
 

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.

Image source: Getty Images.

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Source Fool.com

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