Aveanna Healthcare Rockets 52% on Blowout Quarter and Raised Outlook
Aveanna Healthcare Holdings (AVAH) soared 52.06%, leading the PRISM Emerging Healthcare Index, after reporting a standout Q2 and raising full-year guidance. Revenue jumped 16.8% year-over-year to $589.6 million, while adjusted EBITDA nearly doubled to $88.4 million. Net income also surged 94% to $27 million. The company attributed growth to strong momentum across all three of its core divisions and the recent acquisition of Thrive Skilled Pediatric Care.
Brilliant Earth Rises 36% After Topping Estimates and Declaring Dividend
Brilliant Earth Group, Inc. (BRLT) rose 36.23%, boosting the PRISM Emerging Consumer Products Index, after beating Q2 sales and profit expectations and declaring a special dividend. Net sales hit $110.6 million, up 3.3% year-over-year, and adjusted EBITDA came in at $9.4 million, well ahead of guidance. The company also declared a $0.50 per share one-time dividend and announced a new $20 million share repurchase authorization.
Other PRISM Mid-Day Movers:
- Sunrun Inc. (RUN) up 32.97%
- Redwire Corporation (RDW) down 29.64%
- electroCore, Inc. (ECOR) down 28.47%
The post PRISM Mid-Day Movers: Blowout Earnings Boost Healthcare and Consumer Products Indices appeared first on PRISM MarketView.
