ARLINGTON, Va. (AP) _ Evolent Health Inc. (EVH) on Tuesday reported a loss of $198.1 million in its fourth quarter.
The Arlington, Virginia-based company said it had a loss of $2.36 per share. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The health care software and consulting services provider posted revenue of $236.5 million in the period. Its adjusted revenue was $237.5 million, beating Street forecasts. Six analysts surveyed by Zacks expected $234.1 million.
For the year, the company reported that its loss widened to $302 million, or $3.67 per share. Revenue was reported as $848.3 million.