Acadia Healthcare Shares Down 18.7% Despite Q3 Earnings Beat

Shares of Acadia Healthcare Company, Inc. (ACHC) lost 18.7% since it reported third-quarter 2024 earnings on Oct. 30, despite an earnings beat in the third quarter. Investors might be worried about the reduced revenue and EBITDA outlook for 2024 due to the sale of two subscale satellite programs. However, the third-quarter earnings benefited from improved volumes and higher patient days. ACHC reported adjusted third-quarter earnings of 91 cents per share, which beat the Zacks Consensus Estimate by 1.1%. The ...