AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Agilon Health Inc. (AGL) on Wednesday reported a loss of $56.5 million in its fourth quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 14 cents.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The senior-focused health care company posted revenue of $689.8 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $666.3 million.
For the year, the company reported that its loss narrowed to $106.6 million, or 26 cents per share. Revenue was reported as $2.71 billion.
For the current quarter ending in March, Agilon said it expects revenue in the range of $1.07 billion to $1.09 billion.
The company expects full-year revenue in the range of $4.28 billion to $4.37 billion.
Agilon shares have climbed 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.09, an increase of 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGL at https://www.zacks.com/ap/AGL
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