IMAC Holdings falls on wider Q3 losses

Imac Holdings

15/11/2022 15:26

** Shares of orthopedic care provider IMAC Holdings Inc
 BACK.O  fall ~2% to 39 cents as co reports wider-than-expected
Q3 loss 
    ** Co reports a Q3 loss of 23 cents per share vs analyst
estimates of 8 cents per share - Refinitiv IBES 
    ** Quarterly losses widen from the year before, when it
suffered a 7 cents per share loss 
    ** BACK records a one-time loss of ~$3.85 mln for disposal
or impairment of assets over the quarter 
    ** Including session moves, the stock is down ~66% 
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))