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Evolent Health reports 4Q loss

ARLINGTON, Va. (AP) _ Evolent Health Inc. (EVH) on Tuesday reported a loss of $17.4 million in its fourth quarter.

The Arlington, Virginia-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, were 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The health care software and consulting services provider posted revenue of $88 million in the period. Its adjusted revenue was $90 million, which also topped Street forecasts. Six analysts surveyed by Zacks expected $84.7 million.

For the year, the company reported a loss of $159.7 million, or $3.55 per share. Revenue was reported as $256.3 million.

For the current quarter ending in April, Evolent Health said it expects revenue in the range of $104.5 million.

The company expects full-year revenue of $420 million.

Evolent Health shares have risen 33 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.70, a rise of 96 percent 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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Keywords: Evolent Health, Earnings Report