Pediatrix (MD) Q2 Earnings Top on Stable Volumes, Shares Up 7.4%
MDpediatrix(MD) ZACKS·2024-08-09 02:05

Shares of Pediatrix Medical Group, Inc. (MD) gained 7.4% since it reported second-quarter 2024 results on Aug 6. Positive investor sentiment might have been caused due to stable patient volumes and improved hospital contract administrative fees. However, the upside was partly offset by an increased expense level resulting from rising practice salaries and benefits, and transformational and restructuring-related costs.MD reported second-quarter 2024 adjusted earnings per share (EPS) of 34 cents, which outpac ...