ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Evolent Health Inc. (EVH) on Thursday reported a loss of $26.6 million in its first quarter.
The Arlington, Virginia-based company said it had a loss of 24 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The health care software and consulting services provider posted revenue of $496.2 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $531.8 million.
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