R1 RCM's Q3 Swings to a Net Loss, Revenue Rises

MT Newswires Live
05 Nov 2024

R1 RCM (RCM) reported a Q3 net loss Tuesday of $0.05 per diluted share, swinging from a breakeven figure a year earlier.

Analysts polled by Capital IQ expected a net loss of $0.13.

Net services revenue for the quarter ended Sept. 30 was $656.8 million, up from $572.8 million a year earlier.

Analysts surveyed by Capital IQ expected $643.5 million.

The company said it is not providing financial outlook due to its previously announced proposed takeover of R1.

Price: 14.30, Change: +0.02, Percent Change: +0.14

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