** Shares of healthcare services provider Evolent Health EVH.N fall 41.21% to $14.45
** Co cuts annual revenue forecast to be in the range of ~$2.55 billion to $2.58 billion, down from previous forecast of ~$2.56 billion to $2.60 billion
** Expects annual adjusted core profit to be between ~$160 million to $175 million vs about $230 million to $245 million previously expected
** Q3 rev. of $621.4 million misses est. of $627.15 million -LSEG
** Posts Q3 adj. core profit of $31.8 mln vs est. of $62.7 mln, impacted by elevated medical costs
** Stock down ~56% YTD
(Reporting by Sriparna Roy in Bengaluru)
((Sriparna.Roy@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.