08:06 AM EDT, 05/08/2024 (MT Newswires) -- R1 RCM ( RCM ) reported a Q1 loss Wednesday of $0.08 per diluted share, compared to breakeven a year earlier.

Analysts polled by Capital IQ expected a loss of $0.02.

Revenue for the quarter ended March 31 was $603.9 million, compared with $545.6 million a year earlier.

Analysts surveyed by Capital IQ expected $611.5 million.

The company reduced its full-year 2024 revenue outlook to $2.6 billion to $2.64 billion, from $2.63 billion to $2.68 billion. Analysts surveyed by Capital IQ expect $2.64 billion.

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