Evolent Health, Inc. (EVH) shares are rising as its revenue increased for the first quarter and it claimed its business to be well-positioned in the market given the mission-critical nature of its service offering at the time of COVID 19. However, the health care company announced first-quarter net loss attributable to shareholders of $77.752 million, compared to loss of $46.74 million in the prior month. Revenue for the quarter climbed to $247.29 million from $197.76 million in the prior month.
EVH is currently at $7.75, up 11.35 percent, from the previous close of $6.96. The shares gapped up at $7.14 at open.
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