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Why Astrana Health (ASTH) Shares Are Sliding Today
Shares of healthcare services company Astrana Health fell 31.9% in the afternoon session after the company reported weak fourth quarter results, its full-year EBITDA guidance missed significantly and its EPS fell short of Wall Street's estimates. On the other hand, Astrana Health blew past analysts' revenue expectations, driven by a nearly twofold increase in Care Partners sales. Looking ahead, the company expects 2025 revenue growth of at least 28%, a significant deceleration from the prior year. Overall, this was a weaker quarter.
Why Verra Mobility (VRRM) Stock Is Trading Lower Today
Shares of traffic solutions company Verra Mobility (NYSE:VRRM) fell 12.2% in the morning session after the company reported mixed fourth quarter 2024 results as its EBITDA forecast came in a little shy of expectations. Despite this, revenue increased 5% year-on-year, driven by strong demand in the Commercial Services and Government Solutions segments, with travel-related tolling activity and automated traffic enforcement programs contributing to the gains. However, the Parking Solutions segment underperformed, with a 13% revenue decline and a goodwill impairment charge, which weighed on overall profitability. Looking ahead, the company guided for 2025 revenue growth of up to 6%, with adjusted EBITDA expected to improve, though at a slower pace than analysts had hoped. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes. The market seemed to focus on the negatives.
Why Array (ARRY) Shares Are Trading Lower Today
Shares of solar tracking systems manufacturer Array (NASDAQ:ARRY) fell 21.4% in the afternoon session after the company reported weaker than expected fourth quarter 2024 results, with EBITDA missing Wall Street's estimates and full-year guidance coming in significantly below expectations, not exactly what investors wanted to see.