RadNet touches record high on increased FY24 revenue forecast

RadNet

11/11/2024 16:20

** Shares of radiology center operator RadNet  RDNT.O  rise
20.5% to $87.38, stock touches all-time high 
    ** Co now sees FY24 rev between $1.71 bln and $1.76 bln vs
$1.69 bln and $1.74 bln, earlier 
    ** RDNT's subsidiary Deep Health and GE healthcare
Technologies  GEHC.O  announce collaboration to accelerate AI
adoption in imaging systems 
    ** RDNT reports Q3 revenue of $461.1 mln, above estimates of
$437.9 mln, as per data compiled by LSEG 
    ** Q3 revenue from the Digital Health segment (inclusive of
intersegment revenue) came in at $16.4 mln vs $12.2 mln, a year
earlier 
    ** As of last close, stock up ~109% YTD 

 (Reporting by Ragini Mathur)
 ((Ragini.Mathur@thomsonreuters.com;))