Accolade Inc (ACCD) said after close Wednesday that it lost $0.43 per share in quarter two 2024.
On the revenue line, the company reported $96.9 million, beating estimates by $2.8 million.
In the same quarter a year ago, the company lost $0.66 per share on revenue of $87.6 million.
The stock is down 10.05% to $8.77 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 40. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Accolade Inc offers technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits. It generates revenue by providing personalized health guidance solutions to members.
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Accolade Inc Down 10.05% To $8.77 After Earnings Beat
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