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Privia Health Q1 Net Profit More Than Halves; Backs FY24 Revenue Outlook

RTTNews | 502 days ago

Privia Health Q1 Net Profit More Than Halves; Backs FY24 Revenue Outlook

(RTTNews) - Privia Health Group, Inc. (PRVA) reported Thursday that net income attributable to the company for the first quarter plunged to $2.98 million or $0.02 per share from $7.32 million or $0.06 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.18 per share, compared to $0.16 per share in the year-ago quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 7.5 percent to $415.2 million from $386.3 million in the same quarter last year. Analysts expected revenues of $680.00 million for the quarter.

Looking ahead fiscal 2024, the company continues to anticipate revenues between $1.60 billion and $1.675 billion. The Street is looking for revenues of $2.84 billion for the year.

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OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.

RTTNews | 41 minutes ago

TSX Retreats After Sailing Past 30k Mark For First Ever Time

TSX Retreats After Sailing Past 30k Mark For First Ever Time

Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.

RTTNews | 3h 6min ago

Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.

RTTNews | 3h 38min ago

European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.

RTTNews | 3h 59min ago

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.

RTTNews | 4h 32min ago

Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.

RTTNews | 5h 6min ago

Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.

RTTNews | 8h 33min ago

Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.

RTTNews | 9h 12min ago

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