Citi Downgrades Cano Health (CANO) to Neutral, 'Pressures Persist & Insolvency Risk Intensifies'
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/20/2026
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Marvell issues Google warrant tied to custom chip deal
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Wall Street sinks as bond yields rise, Walmart results disappoint
After-hours movers: Cano Health sinks on 'going concern' doubt, Maxeon falls on results
August 10, 2023 5:25 PM EDTAfter-Hours Stock Movers:
Cano Health (NYSE: CANO) 50% LOWER; reported Q2 EPS of ($0.51), $0.40 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $766.7 million versus the consensus estimate of $829 million. In addition, management has concluded that there is substantial doubt... More
Cano Health (CANO) Misses Q2 EPS by 40c, Substantial Doubt on Ability to Continue as Going Concern
August 10, 2023 4:25 PM EDT(Updated - August 10, 2023 4:27 PM EDT)
Cano Health (NYSE: CANO) reported Q2 EPS of ($0.51), $0.40 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $766.7 million versus the consensus estimate of $829 million.
Update on Strategic Actions
Today, Cano Health announced that it is pursuing a comprehensive process to identify and evaluate interest in a sale of the Company, or all or substantially all of its assets, consistent with the terms and conditions of the 2023 Side-Car Amendment, discussed below. The Company has engaged advisors to assist in the... More
