Stock Track | RadNet Stock Soars on Strong Q3 Results and AI Imaging Partnership

Stock Track

Nov 11, 2024

Shares of RadNet Inc. (RDNT) surged over 10% in pre-market trading on Sunday, following the company's impressive third-quarter results and a strategic collaboration with GE HealthCare to develop AI-powered imaging solutions.

RadNet, a leading national provider of diagnostic imaging services, reported adjusted earnings of $0.18 per diluted share for the third quarter, surpassing analysts' expectations of $0.17. The company's total revenue of $461.1 million also beat the consensus estimate of $433.9 million, marking a 14.7% increase from the same period last year.

The strong financial performance, driven by growth in imaging volumes and pricing, has boosted investor confidence in RadNet's ability to capitalize on the increasing demand for diagnostic imaging services.

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