AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Agilon Health Inc. (AGL) on Tuesday reported a first-quarter loss of $6.1 million, after reporting a profit in the same period a year earlier.
The Austin, Texas-based company said it had a loss of 1 cent per share. Earnings, adjusted to account for discontinued operations, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The senior-focused health care company posted revenue of $1.6 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $1.62 billion.
For the current quarter ending in June, Agilon said it expects revenue in the range of $1.55 billion to $1.57 billion.
The company expects full-year revenue in the range of $6.13 billion to $6.18 billion.
In the final minutes of trading on Tuesday, the company’s shares hit $4.95. A year ago, they were trading at $25.87.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
