Evolent Health: 4Q Earnings Snapshot

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.

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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.

Evolent Health shares have risen 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.15, a drop of 30% 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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