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Adeptus Health (ADPT) Stock Spikes on Q1 Earnings Beat, Outlook

NEW YORK (TheStreet) -- Shares of Adeptus Health (ADPT - Get Report) are soaring by 8.63% to $64.54 on heavy trading volume Wednesday afternoon, following the release of the company's 2016 first quarter results.

Before today's opening bell, the Lewisville, TX-based emergency room owner and operator posted adjusted earnings of 47 cents per share, topping analysts' estimates of 40 cents per share.

Revenue rose by 38% to $112.8 million year-over-year, but fell short of analysts' expectations of $114.1 million.

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