EHealth rises on raising annual forecasts

eHealth

17/12/2024 13:48

** Shares of online insurance marketplace eHealth  EHTH.O 
up about 29% at $7.02 in premarket trading
    ** Company raises annual revenue forecast to between $500
mln and $520 mln, compared to a prior range of $470 mln to $495
mln
    ** EHTH expects annual adj. EBITDA to be between $40 mln and
$55 mln, vs prior expectations of $7.5 mln to $25 mln
    ** Company says its annual enrollment period, the period
during which medicare beneficiaries can make changes to their
health and drug plans, saw an overall YOY improvement and an
all-time-high volume of submitted applications in online
unassisted category 
    ** Up to Monday's close, stock down about 37% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))