ARLINGTON, Va. (AP) _ Evolent Health Inc. (EVH) on Wednesday reported a loss of $9.8 million in its first quarter.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 12 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The health care software and consulting services provider posted revenue of $215.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $210.2 million.
For the current quarter ending in July, Evolent Health said it expects revenue in the range of $210 million to $225 million.
The company expects full-year revenue in the range of $845 million to $880 million.
Evolent Health shares have risen 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.09, more than tripling in the last 12 months.
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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 EVH at https://www.zacks.com/ap/EVH
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