Why R1 RCM Stock Is Tumbling Today

Shares of R1 RCM (NASDAQ: RCM) had tumbled 12.6% as of 11:42 a.m. EDT on Tuesday. The decline came after the healthcare technology company announced its first-quarter results before the market opened.

R1 RCM reported revenue of $342.6 million in the first quarter. That result topped the consensus analyst estimate of $339.2 million. However, the company's net loss of $2.37 per diluted share was a lot worse than its earnings of $0.05 per diluted share in the prior-year period. It also came in well below the average analyst estimate of a net loss of $0.03 per share.

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Source Fool.com