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Here's Why Diplomat Pharmacy Stock Fell 13.6% Today

DATE POSTED:March 15, 2019

Shares of Diplomat Pharmacy (NYSE: DPLO) took a beating last month when the specialty pharmacy said it had to delay the release of its fourth-quarter earnings results. It needed extra time to figure out a noncash impairment charge related to the acquisition of its pharmacy benefit management (PBM) business because it had lost so many clients.

Since that 56% haircut, shares had risen a little going into today's release of the actual results, but investors decided they weren't good enough to justify the bounce and sent shares down 13.6% on Friday.

Image source: Getty Images.

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