Log In


Reset Password

ModivCare: Q1 Earnings Snapshot

DENVER (AP) — DENVER (AP) — ModivCare Inc. (MODV) on Thursday reported a loss of $22.3 million in its first quarter.

The Denver-based company said it had a loss of $1.57 per share. Losses, adjusted for one-time gains and costs, came to 9 cents per share.

The provider of government-sponsored social services posted revenue of $684.5 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $666.2 million.

ModivCare expects full-year revenue in the range of $2.7 billion to $2.9 billion.

_____

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