Why GoodRx Holdings Stock Was Sinking This Week

Over the past few days, the news from GoodRx Holdings (NASDAQ: GDRX) hasn't been all that good. On Thursday the online pharmacy operator posted an unsatisfying set of quarterly results. Investors reacted by trading the company's stock down, and it was in the red by nearly 19% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.For the third quarter, GoodRx booked revenue of just over $195.3 million, representing growth of 8% over the same period of 2023. Non-GAAP (adjusted) net income was $31.9 million, or $0.08 per share, a meaty 25% improvement year over year. Yet it wasn't meaty enough for the analysts tracking GoodRx stock. They were collectively modeling a slightly higher per-share, adjusted net income figure of $0.09. The company also missed narrowly on the top line, as those pundits' average estimate was nearly $195.7 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool