R1 RCM Inc. provided preliminary earnings guidance for the fourth quarter of 2023. For the period, the company anticipates revenues of approximately $563 million to $567 million based on its preliminary review, which represents an increase of approximately 6% to 6.5% compared to the prior year. Revenue in the quarter reflects continued double digit growth in modular revenue partially offset by delays in timing of certain new client transitions and implementations, as well as lower sequential incentive fees; operating income is anticipated to be between $36 million and $39 million and net loss between $8 million and $10 million.
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+13.06% | 5.15B | |
-29.19% | 70.3B | |
+2.04% | 27.46B | |
-6.34% | 17.8B | |
+2.32% | 17.46B | |
+2.09% | 15.46B | |
+7.61% | 13.49B | |
+10.80% | 13.06B | |
+71.62% | 12.96B | |
+74.78% | 12.56B |
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