Shares of Astrana Health (ASTH) plummeted 6% in intraday trading on Friday, following the company's disappointing fourth-quarter results and lackluster guidance for 2025.
Astrana Health reported a quarterly adjusted loss of $0.15 per share, missing analysts' expectations of $0.12 earnings per share. The company's revenue of $665.21 million, while up 88.4% year-over-year, fell short of Wall Street's estimates of $617.24 million.
The healthcare provider's outlook for 2025 also failed to impress investors. Astrana Health forecasted revenue in the range of $2.5 billion to $2.7 billion and adjusted EBITDA of $170 million to $190 million, both lower than analysts' projections. The company cited headwinds from higher-than-expected Medicaid trends and costs associated with strategic investments in integration, automation, and AI.
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