Stock Track | Chemed Stock Plunges as Q3 Earnings Miss Estimates

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Shares of Chemed Corporation (CHE) took a significant hit on Tuesday, plummeting by 5.71% as the company reported its third-quarter financial results for the period ended September 30, 2024. The stock's decline came in response to the company's weaker-than-expected earnings and revenue figures.

Chemed reported adjusted earnings per share (EPS) of $5.64 for the quarter, missing analysts' consensus estimate of $5.76. The company's revenue rose 7.4% year-over-year to $606.18 million, but it fell short of Wall Street's expectations of $612.22 million.

Despite the earnings miss, Chemed reported a quarterly net income of $75.78 million. However, investors appeared to be disappointed with the company's performance, as evidenced by the stock's sharp decline following the earnings release.

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The stock...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHE","symbol_name":"Chemed Corp","start_time":0,"source_url":"","article_id":"1130582024","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130582024","pubTimestamp":1730295899,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chemed Corporation  took a significant hit on Tuesday, plummeting by 5.71% as the company reported its third-quarter financial results for the period ended September 30, 2024. 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