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Stock impact report

AAC Holdings down 33% after Q3 miss and softer guidance [Seeking Alpha]

Ares Acquisition Corporation Class A Ordinary Shares (AAC) 
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.americanaddictioncenters.org
Company Research Source: Seeking Alpha
Thinly traded nano cap AAC Holdings ( AAC ) slumps on a 5x surge in volume on the heels of its Q3 report that fell shy of consensus. Highlights: Revenues were $77.5M (-3.6%), negatively impacted by a $6M reduction due to a change in accounting estimate that took effect on July 1. Net loss was ($11.5M) (-999%); loss/share was ($0.47) (-999%). Non-GAAP EBITDA: $10.7M (-28.2%). 2018 guidance : Revenues: $315M - 320M from $325M - 340M; non-GAAP EBITDA: $47M - 50M from $68M - 72M; non-GAAP loss/share: ($0.15 - 0.10) from non-GAAP EPS of $0.75 - 0.80. Previously: AAC Holdings misses by $0.32, misses on revenue (Nov. 6) See all stocks on the move » Now read: EyePoint Pharma Q3 revenues up 25%; shares up 10% premarket » Subscribe for full text news in your inbox Show less Read more
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