Modivcare: Q4 Earnings Snapshot

DENVER (AP) — DENVER (AP) — ModivCare Inc. (MODV) on Thursday reported a loss of $5.3 million in its fourth quarter.

On a per-share basis, the Denver-based company said it had a loss of 37 cents. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The provider of government-sponsored social services posted revenue of $703.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $699.3 million.

For the year, the company reported a loss of $204.5 million, or $14.43 per share. Revenue was reported as $2.76 billion.

For the current quarter ending in March, ModivCare said it expects revenue in the range of $650 million to $700 million.

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

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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