Adeptus Health Inc. (ADPT) reported third quarter adjusted EPS of $0.06 after the bell Tuesday, down from $0.31 in the previous year. Analysts expected EPS of $0.56. The company also reduced its Adjusted EBITDA guidance for 2016 from $110.0 million to $115.0 million to $70.0 million to $80.0 million. The stock is now down 12.49 on 820K shares.
Adeptus Health fell sharply in the first 45 minutes of trade Tuesday and ended the day with a loss of 3.25 at $26.87 on strong volume. The stock has been losing ground for the past month and set a new low for the year.
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