Healthcare Sector Q3: Mixed Results, Varying Stocks

Healthcare providers and services sector, including hospitals and insurers, reported strong third-quarter results, with revenues beating analyst predictions by 2.3%. AMN Healthcare Services saw a 7.7% decrease in revenues but still beat expectations by 2.7%, yet their stock fell by 10.9%. Guardant Health, specializing in cancer detection, had a remarkable quarter with a 38.5% increase in revenues, outperforming estimates by 12.6% and boosting their stock by 49.3%. Brookdale Senior Livings revenues rose by 3.7% but missed expectations by 1.7%, yet their stock rose by 22.2%. The sector faces challenges like high operating costs and labor shortages, with individual company performances driving market reactions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.