Evolent Health falls on annual revenue, adjusted profit forecast cut

 ** Shares of healthcare services provider Evolent Health EVH.N fall 41.21% to $14.45

** Co cuts annual revenue forecast to be in the range of ~$2.55 billion to $2.58 billion, down from previous forecast of ~$2.56 billion to $2.60 billion

** Expects annual adjusted core profit to be between ~$160 million to $175 million vs about $230 million to $245 million previously expected

** Q3 rev. of $621.4 million misses est. of $627.15 million -LSEG

** Posts Q3 adj. core profit of $31.8 mln vs est. of $62.7 mln, impacted by elevated medical costs

** Stock down ~56% YTD

https://www.xm.com/research/markets/allNews/reuters/evolent-health-falls-on-annual-revenue-adjusted-profit-forecast-cut-53964577