Enhabit, Inc. shares rise 5.76% premarket after reporting strong Q2 earnings and raising annual guidance.

Enhabit, Inc. rose 5.76% in premarket trading, with the company reporting strong second-quarter financial results. The company's net income for the second quarter was USD 5.2 million, compared to a net loss of USD 0.2 million a year ago. Additionally, Enhabit's adjusted EPS for the second quarter beat expectations, and the company raised its annual guidance. These positive financial results and the company's strategic initiatives in home health and hospice care are likely driving the stock's upward movement.