BUZZ-Claritev Corp set for worst day on record as quarterly earnings plummet

Shares of healthcare payments tech firm Claritev Corp MPLN.N fall as much as 56% to $12.86; set for the biggest percentage fall in a day on record

Stock last down 31.5% at $20 in afternoon trade

Company posts Q4 sales of $232.2 mln, below analysts' estimates of $234.4 mln, according to data compiled by LSEG

MPLN reports Q4 net loss of $138 mln vs estimates of net loss of $44.5 mln

Company forecasts 2025 sales to be down 2% to flat compared to FY24; analysts, on average, expect FY25 sales to be $943.7 mln

Shares fell 73% in 2024