Core Insights - U.S. Physical Therapy's shares fell 11.5% following the release of third-quarter results, indicating declining year-over-year profitability despite revenue exceeding expectations [1][2] Financial Performance - The company reported adjusted earnings of $0.66 per share, matching analyst estimates but down from $0.69 per share in the same quarter last year [2] - Revenue increased by 17.3% year-on-year to $197.1 million, surpassing Wall Street forecasts [2] - The decline in per-share earnings and a slight miss on adjusted EBITDA raised concerns among investors, overshadowing strong sales growth [2] Market Reaction - The stock's significant drop is notable as U.S. Physical Therapy's shares are generally not very volatile, with only four moves greater than 5% in the past year [4] - The current stock price of $79.78 represents a 20.1% decline from its 52-week high of $99.91 recorded in December 2024 [6] - Year-to-date, the stock is down 9.2%, and an investment of $1,000 made five years ago would now be worth $871.16 [6]