ModivCare Inc. Reports Massive Q3 Loss

ModivCare Inc., a Denver-based social services provider, reported a significant third-quarter loss of $73.1 million, or $5.08 per share, despite a strong revenue of $679.7 million. The loss is attributed to rising costs and unpredictable government contracts, which serve vulnerable populations across the U.S. Investors are closely monitoring the situation, as the companys stock trades under the ticker MODVQ. Full-year guidance has not been shared, but analysts from Zacks Investment Research are analyzing the details for future implications. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.