By Chris Wack
Agilon Health shares were down 17% at $14.07 after the company posted a third-quarter loss that was wider than expected.
The stock hit its 52-week low of $12.14 earlier in the session, and is down 27% in the past 12 months.
The medical and nurses services company had a quarterly loss of $31.4 million, or 8 cents a share, compared with a loss of $30.7 million, or 7 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $22.9 million, or 5 cents a share.
Revenue for the quarter came in at $1.22 billion, compared with last year’s $694.9 million and the $1.13 billion analysts were expecting.
The number of total members live on the Agilon platform rose to 508,000 as of Sept. 30.
The company expects to have revenue of $4.31 billion to $4.32 billion in fiscal 2023, compared with the $4.53 billion analysts are looking for.
Write to Chris Wack at chris.wack@wsj.com
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