Surgery Partners' stock soared 5% during Tuesday's intraday trading session.
The surge follows the company's release of its first-quarter 2026 results, which exceeded analyst expectations. Surgery Partners reported adjusted earnings per share of -$0.03, beating the consensus estimate of -$0.12. Revenue for the quarter rose 4.5% year-over-year to $810.9 million, surpassing estimates of $797.89 million. Adjusted EBITDA of $102.3 million also came in above expectations.
Furthermore, the company reaffirmed its full-year 2026 guidance, expecting revenue between $3.35 billion and $3.45 billion and adjusted EBITDA of at least $530 million. This positive earnings surprise and maintained outlook likely fueled investor confidence, driving the stock price higher.
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