Why AdaptHealth Stock Is Skyrocketing Today

Shares of AdaptHealth (AHCO 27.00%) were skyrocketing Tuesday morning, up 29.7% as of 10:56 a.m. ET. That huge gain came after the home medical equipment and supplies provider announced its 2023 fourth-quarter and full-year results before the opening bell.AdaptHealth reported net revenue in the fourth quarter of $858.2 million, up 10% year over year. The average analysts' estimate was for revenue of $825.4 million. The company posted a net loss in Q4 of $254.5 million, or $1.91 per share. This result was we ...