Why Phreesia Stock Tumbled Today
Its latest quarterly earnings were not greeted warmly by Mr. Market.
Overview
Next-generation healthcare tech stock Phressia (NYSE: PHR) was looking quite under the weather on Thursday. After it published its latest set of quarterly figures just after market close the day before, its equity was hit by a determined sell-off. It closed down more than 6% on Thursday.
Phreesia, which automates numerous processes underpinning the patient-doctor relationship, posted revenue of $129.5 million in its second quarter of fiscal 2027. That bettered the year-ago result by 10%, and was on the back of a 6% rise in the average number of healthcare services clients (AHSCs, a crucial metric for the company).
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Originally published at www.fool.com.