Evolent Health: Q1 Earnings Snapshot

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Evolent Health Inc. (EVH) on Thursday reported a loss of $17.3 million in its first quarter.

The Arlington, Virginia-based company said it had a loss of 22 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 34 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The health care software and consulting services provider posted revenue of $639.7 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $601.6 million.

For the current quarter ending in June, Evolent Health said it expects revenue in the range of $625 million to $645 million.

The company expects full-year revenue in the range of $2.53 billion to $2.6 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVH at https://www.zacks.com/ap/EVH

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up