ModivCare: Q2 Earnings Snapshot

August 4, 2022 GMT

DENVER (AP) _ ModivCare Inc. (MODV) on Thursday reported second-quarter net income of $3.3 million.

The Denver-based company said it had profit of 24 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.99 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The provider of government-sponsored social services posted revenue of $631.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $584.8 million.

ModivCare expects full-year revenue in the range of $2.38 billion to $2.4 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