RadNet Reports Third Quarter Financial Results Demonstrating Strong Recovery from the COVID-19 Impact
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RadNet (RDNT) Tops Q3 EPS by 20c, Revenues Miss
November 9, 2020 6:01 AM ESTRadNet (NASDAQ: RDNT) reported Q3 EPS of $0.12, $0.20 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $256.73 million versus the consensus estimate of $259.89 million.
Indicating a substantial recovery from the impact of COVID-19, Total Net Revenue (Revenue) was $291.8 million in the third quarter of 2020, a sequential increase of 53.1% from the second quarter of 2020 and a decrease of only 0.3% from last years third quarter of $292.7 millionAs a result of aggressive cost containment measures, Adjusted EBITDA(1) was $45.8 million in the third quarter of 2020, a sequential increase of 102.8% from the... More