On Friday, big hospital and clinic operator Select Medical Holdings ' (NYSE: SEM) stock price was up by roughly 20% in midafternoon trading. That was thanks to a very encouraging set of quarterly results.
For Q4 2020, Select Medical's revenue rose by 6% year over year to $1.46 billion. Non-GAAP (adjusted) net profit shot 141% higher to $77.3 million ($0.57 per share).
Both figures exceeded analyst estimates, particularly the net profit. On average, they were expecting Select Medical to earn $1.41 billion in revenue, and a mere $0.26 per share in adjusted net profit.
For further details see:
Why Select Medical Holdings Is Blasting 20% Higher Today