DENVER (AP) — DENVER (AP) — ModivCare Inc. (MODV) on Thursday reported a loss of $50.4 million in its first quarter.
The Denver-based company said it had a loss of $3.52 per share. Losses, adjusted for one-time gains and costs, were $1.71 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The provider of government-sponsored social services posted revenue of $650.7 million in the period.
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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 MODV at https://www.zacks.com/ap/MODV
