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Acadia Healthcare (ACHC) Stock Slumps on Preliminary Q3 Results

NEW YORK (TheStreet) -- Shares of Acadia Healthcare (ACHC) were sliding 10.95% to $40.24 on heavy trading volume early Wednesday afternoon after the company posted preliminary results for the 2016 third quarter late yesterday that fell short of Wall Street's estimates.

The behavioral health services company expects adjusted earnings of 58 cents per diluted share on revenue of $735 million for the quarter. Analysts are looking for adjusted earnings of 61 cents per share on revenue of $737 million, according to FactSet.

Additionally, the Franklin, TN-based...