Acadia Healthcare stock surges 9% on earnings beat, guidance

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• Shares of Acadia Healthcare (ACHC +8.9%) are up in late morning trading after reporting Q4 2021 results after the bell Monday that beat on the top and bottom lines.
• The behavioral health company also provided full year revenue guidance of $2.55B-$2.6B.
• Acadia (ACHC +8.9%) swung to a quarterly net gain of $71.5M compared to a net loss of $782.5M in the year-ago period.
• Revenue of $593.5M was a 9.6% year-over-year increase.
• Acadia (ACHC +8.9%) was hurt in Q4 2020 by a loss from discontinued operations.
• Total expenses in the quarter increased ~7% to $497.4M compared to Q4 2020.
• The company ended the year with $133.8M in cash.