eHealth rises after forecasting revenue above guidance

eHealth

25/01/2023 10:15

** Shares of tech-based health insurer eHealth Inc  EHTH.O 
rise 19.4% to $6.47 premarket
    ** Co announces prelim Q4 revenue in range of $190 mln-$200
mln vs Refinitiv mean est. $175.2 mln
    ** Co says prelim FY22 revenue to be in range of $395
mln-$405 mln vs Refinitiv mean est. $385.6 mln
    **  Exceeded cost reduction goals by delivering over $110
mln in net operating cost savings in 2022 vs 2021 - EHTH
    ** Q4 telephonic conversion rates in the medicare business
rose more than 25% - EHTH
    ** Stock has declined 76% in last 12 months
 (Reporting by Aditya Samal)
 ((Aditya.Samal@thomsonreuters.com;))