Why U.S. Physical Therapy (USPH) Stock Is Nosediving

What Happened? Shares of outpatient physical therapy provider U.S. Physical Therapy (NYSE:USPH) fell 11.5% in the morning session after the company reported third-quarter results that pointed to declining year-over-year profitability, despite revenue beating expectations. The company announced adjusted earnings of $0.66 per share, which was in line with analyst estimates but represented a decrease from the $0.69 per share earned in the same quarter last year. While U.S. Physical Therapy's revenue grew 17 ...