BUZZ-RadNet touches record high on increased FY24 revenue forecast

Reuters11-12

** Shares of radiology center operator RadNet rise 20.5% to $87.38, stock touches all-time high

** Co now sees FY24 rev between $1.71 bln and $1.76 bln vs $1.69 bln and $1.74 bln, earlier

** RDNT's subsidiary Deep Health and GE healthcare Technologies announce collaboration to accelerate AI adoption in imaging systems

** RDNT reports Q3 revenue of $461.1 mln, above estimates of $437.9 mln, as per data compiled by LSEG

** Q3 revenue from the Digital Health segment (inclusive of intersegment revenue) came in at $16.4 mln vs $12.2 mln, a year earlier

** As of last close, stock up ~109% YTD

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com;))

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