Pediatrix hits more than two-year high as cost-cutting measures drive quarterly profit beat

Pediatrix Medical

20/02/2025 16:52

** Shares of Pediatrix  MD.N  up 23.7% to a more than
two-year high at $17.46
    ** Pediatrix, which provides medical services to pregnant
women, newborns and children, reports a Q4 profit of 51
cents/share, helped by its cost-cutting initiatives such as
exiting some office-based practices and stopping some primary
and urgent care services  
    ** Analysts were expecting quarterly profit of 37
cents/share, according to data compiled by LSEG
    ** Company reports Q4 total operating expenses of $463 mln,
vs $607.9 mln, a year ago 
    ** Company also posts Q4 revenue of $502 mln, higher than
analysts' estimates of $486.2 mln, helped by a 2.8% increase in
patient volumes from last year 
     ** Stock up 64.4% in the past 12 months 

 (Reporting by Padmanabhan Ananthan)
 ((Padmanabhan.Ananthan@thomsonreuters.com;))