SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Signify Health Reports Q1 Loss as Revenue Increases; Stock Down Late

05/11/2021 13:34

05:24 PM EDT, 05/11/2021 (MT Newswires) -- Signify Health (SGFY) reported after markets closed on Tuesday a Q1 net loss of $0.14 per share. Analysts polled by Capital IQ had called for $0.06 loss per share.

The healthcare platform also reported revenue of $180 million for the March quarter, up from $131.7 million a year ago. Wall Street was looking for $166.1 million.

Looking ahead, Signify Health said it is maintaining its 2021 revenue guidance of $725 million to $760 million.

Shares of the Dallas-based company slumped as much as 8% in after-hours trading.

Price: 24.52, Change: -2.18, Percent Change: -8.16