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Stock impact report

Health Catalyst stock sinks 25% premarket on weaker-than-expected guidance [Seeking Alpha]

Health Catalyst, Inc - Common stock (HCAT) 
Last health catalyst, inc - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Health Catalyst stock sinks 25% premarket on weaker-than-expected guidanceAug. 05, 2022 9:29 AM ETHealth Catalyst, Inc. (HCAT)By:Anuron MitraSA News Editorfranckreporter/iStock via Getty ImagesShares of small-cap pharmaceutical data company Health Catalyst (NASDAQ:plunged 25%new $40M share buyback programIt is worthnoting that HCAT shares hadgained 16.4%over thelast seven sessionsSouth Jordan, Utah-based HCAT provides data and analytics services to healthcare organizations. It runs a cloud-based data platform that contains information from more than 100M patient records.The company after-hours on Thursdayreportedbeat estimates by $0.07beat by $0.75MHowever, the company slashed its FY 2022 revenue guidance to a range of $271.5M to $275.5M from a previous forecast of $287.8M to $292.8M. The updated guidance was also below theconsensus revenue estimateHCAT now sees its adj. EBITDA loss for FY to come in between $4M to $6M, compared to a previous outlook of loss of $2M to $4M.â??While we Show less Read more
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