WESTERVILLE, Ohio (AP) — WESTERVILLE, Ohio (AP) — Agilon Health Inc. (AGL) on Wednesday reported first-quarter earnings of $48.9 million.
The Westerville, Ohio-based company said it had net income of $2.94 per share. Earnings, adjusted to account for discontinued operations, were $1.80 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The senior-focused health care company posted revenue of $1.42 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.
Agilon expects full-year revenue in the range of $5.68 billion to $5.81 billion.
Agilon shares have increased 62% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.85, a drop of 75% in the last 12 months.
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