AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Agilon Health Inc. (AGL) on Thursday reported a loss of $117.6 million in its third quarter.
The Austin, Texas-based company said it had a loss of 29 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The senior-focused health care company posted revenue of $1.45 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.47 billion.
For the current quarter ending in December, Agilon said it expects revenue in the range of $1.51 billion to $1.53 billion.
The company expects full-year revenue in the range of $6.05 billion to $6.07 billion.
In the final minutes of trading on Thursday, the company’s shares hit $2.79. A year ago, they were trading at $13.67.
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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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