ModivCare: Q1 Earnings Snapshot
DENVER (AP) _ ModivCare Inc. (MODV) on Thursday reported first-quarter profit of $318,000.
The Denver-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.57 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The provider of government-sponsored social services posted revenue of $574.9 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $565.5 million.