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American Well Corporation reports results for the quarter ended September 30 - Earnings Summary
American Well Corporation reported an adjusted quarterly loss of 67 cents per share for the quarter ended September 30, compared with a loss of $-2.00 per share a year earlier and analysts' expected loss of 75 cents. Revenue fell 13% year over year to $48.99 million, above the $47.29 million analyst expectation.
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What happened
American Well Corporation reported an adjusted quarterly loss of 67 cents per share for the quarter ended September 30, compared with a loss of $-2.00 per share a year earlier and analysts’ expected loss of 75 cents. Revenue fell 13% year over year to $48.99 million, above the $47.29 million analyst expectation.
Confirmed
Global impact / market context
The smaller adjusted loss than analysts expected may ease concern about near-term losses, but the 13% revenue decline points to weaker sales. If that decline persists, it could limit cash available to fund operations and make a return to sustained profitability harder.
Analyst inference
Analyst views remain cautious: the average rating is “hold,” with eight holds and one buy or strong buy, while the peer group’s average is “buy.” The median 12-month share-price target is below the last closing price, despite estimates having risen recently.
Confirmed
What to watch
- Compare future revenue reports with this quarter’s $48.99 million and 13% annual decline; continued contraction could weaken operating cash generation even if losses remain below expectations. Analyst inference
- Watch for changes in analysts’ earnings estimates: the average estimate rose about 11.4% over three months, but there were no revisions in the latest 30 days. Confirmed
- Track whether the average analyst rating shifts from hold and whether the median 12-month price target changes from $12.00, currently below the last close of $12.74. Analyst inference
Evidence
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