Cano Health (CANO) stock crashes 40% after going concern warning
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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
