BrightSpring Health Services (NASDAQ:BTSG) Delivers Strong Q3 Numbers

BrightSpring Health Services reported impressive Q3 results, with a 15% year-over-year revenue increase to $3.33 billion, surpassing Wall Street expectations. The company raised its full-year revenue forecast to $12.65 billion, a 1% increase over analyst projections. Non-GAAP earnings per share of $0.29 beat consensus by over 11%. The pharmacy services segment led growth, averaging 32% year-over-year revenue increase over the past two years. Despite rising expenses limiting profitability, BrightSpring's free cash flow improved. Shares dipped slightly despite better-than-expected results due to premium valuation. Analysts project 11% revenue growth and 20% earnings per share increase in the next year, maintaining optimism about the company's direction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.