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Why GoodRx Holdings Stock Triumphed on Thursday
Niche healthcare company GoodRx Holdings (NASDAQ: GDRX) was looking spry and healthy on the stock market Thursday. Investors were happy to take a few doses of it following the company's release of its latest set of quarterly earnings, and they cranked the price of the shares nearly 12% higher. With that, it trounced the S&P 500 index; this rose marginally on the day by 0.6%.GoodRx, which specializes in prescription and telehealth services, saw its revenue rise by almost 3% year-over-year to just under $203 million. Non-GAAP (adjusted) net income also advanced, increasing by 5% to hit $34.4 million, or $0.09. Both results were broadly in line with analyst estimates. Image source: Getty Images.Continue reading
Niche healthcare company GoodRx Holdings (NASDAQ: GDRX) was looking spry and healthy on the stock market Thursday. Investors were happy to take a few doses of it following the company's release of its latest set of quarterly earnings, and they cranked the price of the shares nearly 12% higher. With that, it trounced the S&P 500 index; this rose marginally on the day by 0.6%.
GoodRx, which specializes in prescription and telehealth services, saw its revenue rise by almost 3% year-over-year to just under $203 million. Non-GAAP (adjusted) net income also advanced, increasing by 5% to hit $34.4 million, or $0.09. Both results were broadly in line with analyst estimates.
Image source: Getty Images.
