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Stock impact report

Phreesia Shares Rise 25% on 3Q Sales Surge, Long-Term Outlook [MarketWatch]

Phreesia, Inc. (PHR) 
Last phreesia, inc. earnings: 4/22 04:09 pm Check Earnings Report
Company Research Source: MarketWatch
The stock was up 25%, to $18.38, in midday trading. Shares are down 44% this year. Advertisement The Wilmington, Del.-based patient-intake software company's revenue rose 25%, to $91.6 million, surpassing the $89.6 million forecast by analysts. The company reported a loss of $31.9 million, or 58 cents a share, in the three months ended Oct. 31, compared with $40.2 million, or 76 cents a share, a year earlier. Analysts polled by FactSet expected a loss of 68 cents a share. Phreesia backed its revenue outlook for fiscal 2024 of $353 million to $356 million and said it is forecasting revenue of $424 million to $434 million in fiscal 2025. Advertisement Analysts are expecting fiscal 2025 revenue of $436.4 million, according to FactSet. The company said it was revising its timeline to reach annual revenue of $500 million due to prioritizing profitability. Phreesia said it has delayed some investments that won't result in revenue soon enough. Phreesia expects to hit its goa Show less Read more
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