DENVER (AP) — DENVER (AP) — ModivCare Inc. (MODV) on Thursday reported a loss of $4.3 million in its third quarter.
The Denver-based company said it had a loss of 30 cents per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The provider of government-sponsored social services posted revenue of $686.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $701.1 million.
ModivCare expects full-year revenue in the range of $2.75 billion to $2.8 billion.
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