AGL - Why Healthcare Service Provider Agilon Health Shares Are Sinking Today | Benzinga
Agilon Health Inc (NYSE: AGL) shares are sinking today by around 32% after it disclosed its Chief Financial Officer (CFO) retirement and lowered its 2023 outlook.
The company's CFO, Timothy Bensley, is retiring from his position within the next nine months this year.
The company has started searching for a new CFO, and Bensley has agreed to remain CFO through this process to ensure a seamless transition.
In a separate announcement, AGL stated revised guidance for 2023, reflecting higher-than-expected costs, and provided 2024 guidance.
Given the lower-than-expected baseline now projected for 2023, AGL also